19.2 C
New York
Saturday, June 3, 2023

Buy now

spot_img

Credit Suisse bondholders sue Swiss regulator over $17 billion bond clearance – report



Bondholders of Credit Suisse Group AG have filed a lawsuit against the Swiss banking regulator on behalf of $4.5 billion of the company’s $17 billion in additional tier 1 bonds, the Financial Times reported on Friday.

His complaint said regulator Finma was unconstitutional when it ordered Credit Suisse to cancel AT1’s debt following a rescue merger with UBS. Financial Times reported.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,798FollowersFollow
0SubscribersSubscribe
- Advertisement -spot_img

Latest Articles