Litigation Firm Looks to Sue Over Credit Suisse Write Down of Tier 1 Bonds to Zero
As part of the deal to save Credit Suisse from a potential collapse, the agreement that was cut for UBS to take over the bank included a write-down to zero of AT1 (Tier 1) bonds. This means holders will receive nothing for the securities. Following… Read More
Read more in: Politics, Legal & Regulation, Global | Tagged credit suisse, Quinn Emanuel Urquhart and Sullivan, ubs