Published 11 months ago

Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses-FT

Summary by Ground News

Law firms Quinn Emanuel and Pallas have received multiple requests from senior managers at Credit Suisse to take legal action on their behalf. Swiss regulator ordered 16 billion Swiss francs ($18.00 billion) of the lender's Additional Tier 1 debt to be written down to zero, while shareholders received some compensation.

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Reuters

Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses-FT

Credit Suisse AG staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were canceled after the troubled lender's rescue by UBS Group AG , the Financial Times reported on Monday.

11 months ago·United Kingdom

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RTÉ

Credit Suisse staff to sue Swiss regulator on bonuses

Credit Suisse staff are preparing to sue the Swiss financial regulator over $400m of bonuses that were canceled after the troubled lender's rescue by UBS Group, the Financial Times reported today.

11 months ago·Ireland

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The Straits Times

Credit Suisse staff prepare to sue Swiss regulator over $538m in lost AT1 bonuses: FT

The bonuses were cancelled following Credit Suisse's rescue by UBS. Read more at straitstimes.com.

11 months ago·Singapore

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Financial Post

Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses-FT

11 months ago·Canada

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Jornal Expresso

Credit Suisse staff see bonuses disappear with ransom and sue regulators

Credit Suisse managers want to sue the Swiss regulator for the loss of 370 million euros in bonuses. Prizes were sacrificed in the financial structure of the purchase by UBS

11 months ago·Portugal

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Inquirer

Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses-FT

Credit Suisse AG staff are preparing to sue the Swiss financial regulator over $400 million of bonuses that were canceled after the troubled lender’s rescue by UBS Group AG, the Financial Times reported on Monday. Quinn Emanuel and Pallas, law firms which are already suing Swiss regulator Finma on behalf of investors who owned AT1 […] The post Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses-FT appeared first on Inquirer …

11 months ago·Manila, Philippines

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