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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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Forbes broke the news in United States on Monday, May 22, 2023.
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