September 8, 2024

Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt

 Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt

Credit Suisse bondholders sue Switzerland in the U.S. over $17 billion writedown of AT1 debt

A group of Credit Suisse bondholders have filed a lawsuit over the Swiss government’s decision to write down the failed bank’s Additional Tier 1 debt.