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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
AllianceBernstein is preparing to sue Switzerland for $225 million following UBS's takeover of Credit Suisse, which resulted in the erasure of $17 billion in debt. The asset manager will join a lawsuit initiated by law firm Quinn Emanuel on behalf of Credit Suisse bondholders. This legal action comes after Swiss regulators wrote down approximately $17 billion of Credit Suisse's Additional Tier 1 debt, prompting anger among bondholders.
AllianceBernstein is preparing to sue Switzerland for $225 million following UBS's takeover of Credit Suisse, which resulted in the erasure of $17 billion in the bank's debt. The asset manager will join a lawsuit initiated by Credit Suisse bondholders against the Swiss government. This legal action stems from the significant write-down of Credit Suisse's Additional Tier 1 debt by Swiss regulators during the bank's collapse and subsequent acquisition.
AllianceBernstein plans to sue Switzerland for $225 million following UBS's acquisition of Credit Suisse, which resulted in the cancellation of $17 billion in the bank's debt. The asset manager will join a lawsuit initiated by bondholders of Credit Suisse's Additional Tier 1 debt. This legal action stems from the Swiss regulator's decision to write down the debt, which has sparked significant backlash among investors.
Varun H.k
People
United States Dollar
AllianceBernstein Holding L.P.
FinMan Gestion",
Quinn Emanuel Urquhart & Sullivan LLP
Credit Suisse Real Estate Fund Siat
CHE
Varun H.k
Angela Christy
Show more
06:59 10.12.2024
06:59 10.12.2024
United States Dollar
AllianceBernstein Holding L.P.
FinMan Gestion",
Quinn Emanuel Urquhart & Sullivan LLP
Credit Suisse Real Estate Fund Siat
CHE
Varun H.k
Angela Christy
Show more
06:13 10.12.2024
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