by AIP Online Bureau | May 3, 2023 | International News, Non-Life, Workplace/Employee Benefits
The latest claims mean that investors representing more than a third of the $17 billion in AT1 bonds issued by Credit Suisse have now sought to get their money back. US law firm Quinn Emmanuel last month filed a claim in Swiss court representing more than 400...
by AIP Online Bureau | Mar 27, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation
Some distressed debt-type funds have been buying Credit Suisse’s AT1s for a few cents on the dollar. The bonds were traditionally held by institutional investors. Credit Suisse bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss...
by AIP Online Bureau | Mar 19, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management, Wealth Management/ Philanthropy
Credit Suisse is among the 30 financial institutions known as globally systemically important banks, and authorities worried about the fallout if it were to fail Authorities sought an agreement before markets opened again in Asia Geneva:Banking giant UBS is buying...
by AIP Online Bureau | Mar 18, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Risk Management, Wealth Management/ Philanthropy
Bank investors have largely been selling first and leaving that question for later. Around $600 billion dollars of market value has evaporated from the 70 biggest US and European banks since March 6, a period that’s seen the collapse of Silicon Valley Bank, Credit...
by AIP Online Bureau | Mar 17, 2023 | Eco/Invest/Demography, International News
The proposed class action accuses Credit Suisse of deceiving investors by failing to disclose that it was suffering from “significant” customer outflows, and that it had material weaknesses in its internal controls over financial reporting. US shareholders...
