Swiss court registers 150 lawsuits against FINMA over Credit Suisse AT1 wipe-out

Between 2000 and 2500 appellants

Valeria Martinez
clock • 1 min read

The Swiss regulator FINMA has been hit by 150 lawsuits over its decision to wipe out $17bn of Credit Suisse additional tier one (AT1) bonds in March as part of the takeover deal of the bank by rival UBS.

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