Swiss financial market regulator FINMA ordered an audit into Credit Suisse's handling of events leading to its demise in 2023, when the bank was acquired by its longtime rival UBS , Swiss newspaper SonntagsZeitung reported on Sunday.

Switzerland’s banking regulator is investigating the final 15 months of Credit Suisse as an independent bank and its rescue by UBS Group AG, according to SonntagsZeitung.

Switzerland’s financial-markets regulator ordered an audit of Credit Suisse’s actions that led to its collapse in March 2023, Swiss newspaper SonntagsZeitung reported on Sunday. The bank was acquired that month by longtime rival UBS (NYSE:UBS) for a knockdown price of $3.

Switzerland, known for natural beauty like pristine lakes and majestic Alpine peaks, ranks among the world's richest countries whose plant and animal life is under the greatest threat. Environmentalists were seeking better protections for the country's biodiversity in a nationwide vote that culminated Sunday.

Swiss voters rebuffed a government plan to reform company pension funds, marking the second time this year that a proposal to adapt the country’s retirement system to changed demographics was rejected in a plebiscite.