ZURICH (Reuters) -Writing off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, a Swiss court ...
Switzerland’s Federal Administrative Court said that it revoked a 2023 decree by the country’s financial regulator in which ...
Swiss authorities' 2023 decision to write off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, ...
Watchdog did not have proper basis for decision to write down SFr16.5bn of AT1 debt as part of rescue deal, judges find ...
Investing.com -- Switzerland’s Federal Administrative Court has revoked the Swiss financial regulator FINMA’s decree that ordered the write-off of Credit Suisse’s Additional Tier 1 (AT1) capital ...
Finma said it acknowledged the Federal Administrative Court's partial decision. "Switzerland's Wipeout of $17 Billion in Credit Suisse Bonds Lacked Legal Basis, Court Says," at 1435 GMT, incorrectly ...
Prices on claims tied to Credit Suisse Additional Tier 1 bonds, which were wiped out in 2023, have risen rapidly after a Swiss court gave a partial win to investors seeking damages.
In a stunning rebuke to Switzerland’s financial regulators, the Federal Administrative Court has ruled that the forced ...
A Swiss court has given fresh hope to Credit Suisse bondholders who sought damages after their investments were wiped out ...
A Swiss court has breathed fresh life into a lawsuit filed by investors in Credit Suisse Group AG bonds seeking damages after ...