The Bloomberg report said a full-scale investigation by the Department of Justice focusing mainly on Credit Suisse and potential sanctions violations was now underway.
In March this year, UBS agreed to pay 3 billion Swiss francs or $3.37 billion and assume upto 5 billion francs in losses for Credit Suisse after lowered customer confidence brought it to the brink of collapse.
UBS shares plunged by almost nine percent as markets opened Monday, a day after the announcement it will take over its troubled Swiss rival Credit Suisse for $3.25 billion.
For the readers interested in the stock health of UBS Group AG (UBS). It is currently valued at $14.82. When the transactions were called off in the previous session, Stock hit the highs of $15.18, after setting-off with the price of $15.13. Company’s stock value dipped to $14.80 during the tradin