Today news
About the same in other media
Credit Suisse shareholders launch legal challenge to $17bn writedown
Reading now: 348
fnlondon.comCredit Suisse bondholders have launched a legal challenge in Switzerland against regulators’ decision to write down $17bn in securities as part of UBS’s rescue of the troubled bank last month.
Bondholders holding about $5bn of Credit Suisse’s cancelled debt want the decision to write down their bonds revoked or amended, according to an outline of their appeal made in a Swiss administrative court and reviewed by The Wall Street Journal. The bondholders are alleging the total write-down was disproportionately punitive to them...
Read more on fnlondon.comAbout this in other media
Credit Suisse dealmakers are getting anxious: ‘People will not wait for months… UBS could find an empty shell’ fnlondon.com /1 year ago
Goldman Sachs, Credit Suisse ride on EU’s MiCA for digital assets push fnlondon.com /1 year ago
Credit Suisse veteran dealmaker Mark Echlin retires fnlondon.com /1 year ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
