BRIEFS: A backlash mounts over Credit Suisse's AT1 wipe-out, Asian bondholders ready lawsuits
Credit Suisse (CS) might be no more after it was forced into the arms of rival UBS, but the legal backlash arising from the government-orchestrated deal is just gathering storm. With investors worldwide (including in Asia) decrying the Swiss authorities for evaporating billions of dollars in additional tier one (AT1) bonds, law firms are gearing up for protracted legal battles.
Source: legalbusinessonline.com