Credit Suisse faces shareholder anger and criminal probe over UBS merger.

Shareholders of Credit Suisse are demanding answers and accountability over its controversial takeover by UBS, which was brokered by Swiss authorities for just 3 billion Swiss francs. The lack of input from shareholders, bondholders, and Swiss taxpayers in UBS' acquisition of its embattled rival has sparked widespread anger. The attorney general confirmed that Switzerland's Federal Prosecutor is investigating potential breaches of Swiss federal law by government officials, regulators, and top executives at Credit Suisse and UBS. Holders of Credit Suisse's AT1 bond instruments, which were subject to a $17 billion wipeout as part of the UBS takeover, last week instructed a global law firm to pursue discussion and possible litigation with Swiss authorities.