Swiss federal prosecutor files charges against Credit Suisse, UBS

ZURICH - Switzerland's federal prosecutor on Monday said it has filed an indictment against a former Credit Suisse employee, accusing the person of money laundering in relation to loans granted in Mozambique.

The Office of the Attorney General also alleges that CS and its parent company, the Credit Suisse Group SA and their successor companies UBS SA and the UBS Group SA UBSG.S failed to prevent the offence as a result of organizational deficiencies.

John Revill/Reuters