October 5, 2012 / 5:20 AM / 5 years ago

Swiss stocks - Factors to watch on Oct 5

ZURICH, Oct 5 (Reuters) - The following are some of the main factors expected to affect Swiss stocks on Friday:


* U.S. federal and state authorities are investigating Credit Suisse AG over mortgage-backed securities packaged and sold by the bank, people familiar with the probe said on Thursday.

* Credit Suisse will lay off another 78 employees in the New York region by year-end, its fourth round of cuts for the area this year, a regulatory filing showed.

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Kweku Adoboli, the ex-UBS trader accused of losing the Swiss bank $2.3 billion, was a “star” and his desk was doing “amazingly well” in the months before the debacle, a London court heard on Thursday.

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* Nestle said it is co-initiating a voluntary recall of 323 cases of Buitoni Spinach & Portobello Mushroom All Natural Ravioli due to mislabeling and an undeclared allergen.

* Swiss Re’s board of directors said Chief Investment Officer David Blumer has decided to leave the company, effective 1 November 2012.

* Crealogix is acquiring the entire AdviceManager product business from the German C1 FinCon GmbH company through an asset deal.

* Basilea said its European marketing authorization application for ceftobiprole for the treatment of pneumonia has been accepted for review.


* Swiss National Bank due to publish foreign exchange reserves data for September 0700 GMT

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