The Swiss Parliament formally approved the establishment of a commission of inquiry to investigate UBS's acquisition of Credit Suisse.

[Swiss Parliament formally approves the establishment of an investigation committee to investigate UBS's acquisition of Credit Suisse]-- both houses of the Swiss Parliament formally approved the establishment of an investigation committee to investigate a series of problems in the Credit Suisse crisis and UBS's acquisition of Credit Suisse. The committee aims to understand the reasons for UBS's acquisition of Credit Suisse announced by the Swiss federal government on March 19, 2023, and to identify those responsible to investigate UBS's emergency acquisition of Credit Suisse. Earlier, the Swiss Attorney General's Office confirmed on April 2 that it had launched an investigation into the Swiss federal government's push for UBS to agree to buy Credit Suisse to "analyze and determine" whether there was a crime.