Three Russian-born and one Swiss-born former bankers for Gazprombank Switzerland were charged with failing to adequately check whether Russian president's longtime friend Sergei Roldugin actually owned the assets in his accounts.
Swiss bank UBS announced former CEO Sergio Ermotti will lead the company's controversial acquisition of troubled rival Credit Suisse, which restored investor confidence as shares went up.
The central bank in Zurich said inflation had risen again since the beginning of the year and stood at 3.4 percent in February.
UBS, Switzerland's largest bank, has acquired its biggest rival, Credit Suisse, a move seen as a temporary solution to the current financial disruption and potential volatility that it could cause worldwide.
The deal follows the collapse of two large US banks last week that spurred a frantic, broad response from the US government to prevent further panic.
Under the terms of the all-share deal, Credit Suisse shareholders will receive 1 UBS share for every 22.48 Credit Suisse shares held for a total consideration of 3 billion francs.
Switzerland's largest bank, UBS, is reported to be negotiating to buy all or part of Credit Suisse, with the blessing of the Swiss regulatory authorities, according to news reports.
The Swiss standout won his last race of the season, the giant slalom at the World Cup Finals, by a massive 2.11 seconds over second-place Henrik Kristoffersen of Norway.
The news follows a day in which the value of the shares of the Zurich-based bank fell by more than 25 percent.
The sharp fall of Credit Suisse shares on Wednesday is prompting questions about a possible global contagion, or worse a repeat of the 2008 financial crisis.
Talks in Switzerland began a day after Iran and Saudi Arabia announced a China-brokered deal to re-establish diplomatic ties after years of frayed ties and hostilities, including in Yemen.
During the week-long session many states will seek to extend the mandate of a UN investigation body set up to probe atrocities in Ukraine.
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