A group of Credit Suisse investors has sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses.
Tag: Credit Suisse
U.S. Investors Sue Credit Suisse for ‘Downplaying’ Impact of Losses
US shareholders are suing Credit Suisse for giving false and misleading public statements and downplaying the impact of its losses.
Credit Suisse Missed Many Warnings Before Greensill’s Collapse
Long before Credit Suisse Group AG was forced to wind down a $10 billion group of funds it ran with financier Lex Greensill, there were plenty of red flags. Executives at the bank knew early on that a large portion of the assets in the funds were tied to Sanjeev Gupta, a Greensill client whose… Continue reading Credit Suisse Missed Many Warnings Before Greensill’s Collapse