Credit Suisse bondholders sue Swiss regulator over $17-B bond wipeout -FT
Credit Suisse Group AG bondholders, representing $4.5 billion of the $17 billion of wiped-out Additional Tier 1 bonds of the company, have filed a lawsuit against Switzerland’s banking regulator, the Financial Times reported on Friday. The complaint says the regulator, Finma, acted unconstitutionally when it ordered Credit Suisse to cancel the AT1 debt, the FT … Continue reading Credit Suisse bondholders sue Swiss regulator over $17-B bond wipeout -FT
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