Huber, who is self-employed in handyman services, suspected government officials and bank leaders cooked up the deal “in secrecy” and said there should have been greater transparency.Shareholders felt “a little bit astonished that there hadn’t been warnings out before,” he said.
Credit Suisse swooned from scandal to scandal in recent years: Bad bets on hedge funds; accusations of not reporting secret offshore accounts held by wealthy Americans to avoid paying U.S. taxes; failing to do enough to prevent money laundering by a Bulgarian cocaine ring.The Swiss federal prosecutor’s office on Monday announced it has opened a probe into events surrounding Credit Suisse ahead of the UBS takeover.
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