Iped Out Debt News Today : Breaking News, Live Updates & Top Stories | Vimarsana

A group of Credit Suisse bondholders representing billions of dollars in high-risk debt are suing Switzerland's banking regulator over a decision that rendered 16 billion Swiss francs in additional tier 1 bonds worthless in the bank's rescue takeover by UBS. Shareholders received compensation, but bondholders are taking legal action, challenging the legality of the decision and undermining confidence in the Swiss financial centre. Multiple lawsuits are reportedly pending over the matter. ....

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