Credit Suisse faces legal battles and terminated deals as UBS takes the lead.
TL;DR
US bondholders are preparing to sue Switzerland over a $17bn Credit Suisse wipeout. The lawsuit is expected to be filed in the coming weeks and will allege that Swiss regulators failed to properly supervise the bank, leading to significant losses for bondholders.
- US bondholders prepare to sue Swiss over $17bn Credit Suisse wipeout Financial Times
- UBS set for talks with Michael Klein to terminate Credit Suisse investment bank deal - FT Reuters
- UBS Prefers to Take Credit Suisse Dealmakers to First Boston Plan Bloomberg Television
- Greek shipping still coming to terms with sale of whale lender - Splash247 Splash 247
- Some Credit Suisse AT1 bondholders seek legal advice -law firms Reuters
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