Swiss Antitrust Watchdog Reviewing UBS-Credit Suisse Deal (1)

Switzerland’s competition commission is reviewing the effects of the government-brokered takeover of Credit Suisse by UBS Group AG, a spokesman said.

The competition commission plans to submit recommendations to financial regulator Finma by the end of September, according to the spokesman. Finma may then take a decision based on it and on other significant data, he said.

UBS bought its rival in March in a deal that Swiss regulators approved under emergency rules to prevent a collapse that could have triggered a financial crisis. Finma said at the time that the application of competition rules was subordinate to the ...