Qatar fund explored claims against Switzerland for Credit Suisse losses
QIA sought legal advice on whether it had any claim against Swiss authorities, including through international arbitration
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QIA sought legal advice on whether it had any claim against Swiss authorities, including through international arbitration
Basel III - Pillar III Disclosures For the year ended 31 December 2022 Bank of Sharjah P.J.S.C. Pillar III... | May 18, 2023
That day, FINMA issued an order to justify the write-down of about $17 billion of Credit Suisse's Additional Tier 1 (AT1) notes as a condition for the takeover. Investor lawsuits in Switzerland over the decision to wipe out AT1 bondholders have forced FINMA to share the documentation with claimants, people with knowledge of the case said.
Credit Suisse came close to falling below minimum levels of cash held at the Swiss central bank days before its forced takeover by UBS , a regulatory document shows.
Last-ditch effort hinges on whether the bank was, or said it was, unable to pay its debts