Asia’s Credit Suisse AT1 bondholders target Swiss government in bold strategy to recover losses

By Stanley Yupu Li , senior reporter | 10 May 2024 | 4 minutes read
Credit Suisse, ICC, Hong Kong

Aggrieved Asian holders of Credit Suisse additional tier one (AT1) bonds may have another card to play when it comes to clawing back their losses following the wipe-out of these instruments last year. The strategy being pursued by international law firm Withers does not seek to bring an action against either Credit Suisse or its new parent UBS, but against…

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