Subscribe
Sign in
The legal battle against Switzerland over the €17bn write-off of Credit Suisse’s AT1 bonds has escalated, with 39 new plaintiffs joining the lawsuit, according to a Financial Times article on Friday that cites an amended complaint filed in New York.
The amended complaint raises the claim’s value to more than $370mn, up from $82mn when the case was initially filed in June. Plaintiffs include US asset manager AllianceBernstein, which oversees $800bn in assets, and a subsidiary of Japan’s Nomura.
Plus: BoE deputy governor urges caution against lowering financial regulation standards, and more
Plus: Deutsche Bank to buy $800mn in NPLs from First Abu Dhabi Bank, and more
Plus: EIB questions new EU sustainable reporting rules, and more
Plus: US banks sue the Fed over stress tests, and more
Plus: BoE deputy governor urges caution against lowering financial regulation standards, and more
Plus: Deutsche Bank to buy $800mn in NPLs from First Abu Dhabi Bank, and more
Plus: EIB questions new EU sustainable reporting rules, and more
Plus: US banks sue the Fed over stress tests, and more