_credit-suisse-bondholders-sue-swiss-government-seek-full-compensation-over-3617-billion-debt-write-down.jpg "Credit Suisse Bondholders Sue Swiss Government Seek Full Compensation Over $17 Billion Debt Write-Down from sarena banks Video Screenshot Preview")
GalleryPlay Video:
(Note: The default playback of the video is HD VERSION. If your browser is buffering the video slowly, please play the REGULAR MP4 VERSION or Open The Video below for better experience. Thank you!)
⏲ Duration: 0:40
👁 View: 85K times
✓ Published: 08-Jun-2024
👁 View: 85K times
✓ Published: 08-Jun-2024
Description:
A group of Credit Suisse bondholders have filed a lawsuit against the Swiss government seeking full compensation over the decision to write down $17 billion of the bank's Additional Tier 1 debt. The AT1 debt write-down occurred as part of Credit Suisse's emergency sale to UBS last year, which was orchestrated by Swiss authorities. Swiss regulator Finma wiped out the $17 billion in AT1 bonds, writing them down to zero, while common shareholders received payouts. The bondholders argue this decision violated the usual European hierarchy of restitution for bank failures and unjustly violated their property rights.
A group of Credit Suisse bondholders have filed a lawsuit against the Swiss government seeking full compensation over the decision to write down $17 billion of the bank's Additional Tier 1 debt. The AT1 debt write-down occurred as part of Credit Suisse's emergency sale to UBS last year, which was orchestrated by Swiss authorities. Swiss regulator Finma wiped out the $17 billion in AT1 bonds, writing them down to zero, while common shareholders received payouts. The bondholders argue this decision violated the usual European hierarchy of restitution for bank failures and unjustly violated their property rights.
Share with your friends:
Whatsapp | Viber | Telegram | Line | SMS
Email | Twitter | Reddit | Tumblr | Pinterest
Related Videos
_martin-lewis-shares-how-to-get-free-175-from-your-bank.webp "Martin Lewis shared how to get £175 for free from your bank.Source: Good Morning Britain, ITV")
_sarena-banks-instagram-star-and-curvy-model-124models-entertainment.webp "Models Entertainment")
_sarena-banks.webp "Female Beauty And Fashion")
_wpw-music-serena-banks-9234sky39s-the-limit-remix9234.webp "WPWMusic")
_banks-skinnydipped-official-video.webp "BANKS")
_australian-banks-are-blocking-thousands-of-abusive-or-threatening-bank-transactions-every-year.webp "Domestic and family violence can be perpetuated through bank transactions, according to major Australian banks. Offenders might send one cent transactions with abusive messages when they have been blocked on all other platforms.")
⏲ 2:32 👁 2.2M
_sarena-banks-hot-124-hot-actress-124-adult-hot-actress-124-actress-edit-124-brazzers-124-playboy-124-curvy-model.webp "ACTRESS HOT EDITS")
sarena banks hot | hot actress | adult hot actress | actress edit | Brazzers | Playboy | Curvy model
⏲ 1 minute 3 seconds 👁 999
_martin-lewis-shares-how-to-get-free-175-from-your-bank.jpg)
_sarena-banks-instagram-star-and-curvy-model-124models-entertainment.jpg)
_sarena-banks.jpg)
_wpw-music-serena-banks-9234sky39s-the-limit-remix9234.jpg)
_banks-skinnydipped-official-video.jpg)
_australian-banks-are-blocking-thousands-of-abusive-or-threatening-bank-transactions-every-year.jpg)
_sarena-banks-hot-124-hot-actress-124-adult-hot-actress-124-actress-edit-124-brazzers-124-playboy-124-curvy-model.jpg)
![[+]](/images/menu.gif){kind=small}