CREDIT SUISSE Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse managers after Switzerland's second-largest bank had to be rescued last week by UBS .
The integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday.
Switzerland's finance minister defended the shotgun merger between the country's two largest banks in an interview with Swiss newspaper Neue Zuercher Zeitung on Saturday, saying the use of emergency law was necessary to stabilise the situation.
Credit Suisse tapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday.
Separately, Bloomberg News reported Credit Suisse's head of Latin America equities Oliveira was hired by J. Safra. EX-DIVIDEND Givaudan - 67 CHF/shr dividend
ABB - 0.84 CHF/shr dividend
ECONOMY
SNB data on Swiss sight deposits due at 0800 GMT
SNB US Dollar auction due at 0800 GMT
(Reporting by Zurich newsroom and Berlin Speed Desk)
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