Organisation: Credit Suisse

EU issues temporary approval to UBS/Credit Suisse

The European Commission has waived the standstill obligation under its merger control rules to allow UBS to acquire Credit Suisse prior to notification, but the agency could still investigate the tie-up.

05 April 2023

South Africa wins forex jurisdiction battle again

South Africa’s Competition Tribunal has refused to strike out over a dozen banks from the national enforcer’s forex cartel case for a second time, ruling that the agency has jurisdiction to fine foreign banks with no local presence for participating in a price-fixing conspiracy.

31 March 2023

Merger control rules set aside for UBS/Credit Suisse tie-up

Switzerland’s government has used emergency powers to override the country’s merger control rules so as to allow Credit Suisse’s 11th hour sale to UBS, prompting criticism that competition laws have been ignored in the creation of a banking giant.

22 March 2023

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