Credit Suisse News
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US Authorities Scrutinize if Credit Suisse Misled Investors Before UBS Rescue: Filing
Sep 20 2023 // U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. Credit Suisse “has...
Credit Suisse Unit Ordered to Pay Georgian Tycoon Ivanishvili $743 Million
Sep 20 2023 // A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili reduced damages of $742.7 million by a Singapore court as it confirmed that the bank’s trust had failed to safeguard its client’s...
Swiss Investor Group Lawsuit to Seek Compensation Over UBS-Credit Suisse Deal
Jul 17 2023 // A Swiss investors’ association is planning to file a lawsuit seeking compensation for former Credit Suisse shareholders, the latest legal action triggered by the bank’s emergency takeover by its cross-town...
Credit Suisse to Appeal Bermuda Court Ruling Against Georgia’s Ex-Prime Minister
Jun 26 2023 // A Bermuda appeals court on Friday largely dismissed Credit Suisse’s appeal in an ongoing case involving the Swiss bank’s local life insurance arm and Georgia’s former Prime Minister Bidzina...
Allianz’ PIMCO Weighs Joining Investors Suing Over Credit Suisse AT1 Bonds
May 26 2023 // Pacific Investment Management Co. is considering joining hundreds of investors in challenging the Swiss regulator’s decision to wipe out about $17 billion of Credit Suisse Group AG bonds following the bank’s...
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