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Swiss stocks - Factors to watch on Oct 5

Friday, 5 Oct 2012 | 1:19 AM ET

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

CREDIT SUISSE

* 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.

For related news, click on UBS

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.

For related news, click on COMPANY STATEMENTS * 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.

ECONOMY

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

((Zurich newsroom +41 58 306 7340, fax 41 44 251 0476, zurich.newsroom@news.reuters.com))

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Keywords: MARKETS SWISS STOCKS

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