Global recruitment agencies have reported an unprecedented influx of enquiries from Credit Suisse employees seeking new jobs; they will likely see another wave as UBS gears up for the merger in the second quarter of 2023. The news coincides with the opening of a probe into the US$3bn takeover by Swiss prosecutors In a statement issued on Sunday, Swiss authorities said there were "numerous aspects of events around Credit Suisse" that need to be investigated for possible "criminal offences". "The Office of the Attorney General wants to proactively fulfil its mandate and responsibility to contribute to a clean Swiss financial centre and has set up a monitoring system so that it can take action immediately on any issues that fall within its area of responsibility," said the federal prosecutor.