Credit Suisse Group

UBS reshuffles leadership as Credit Suisse integration nears end

The lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent a similar crisis

The forced write-down of Credit Suisse's AT1 bonds in March 2023 led to significant losses for investors.

Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia

The law firm is acting for investors across the region, including in Hong Kong and Singapore

The complete writedown of AT1 bonds in March 2023 decree – under a government-brokered rescue of Credit Suisse by UBS Group – had caused a furor, given that typically shareholders absorb losses before bondholders.

Drew & Napier to sue Switzerland over Asia losses on AT1s

ONE of Singapore’s biggest law firms is set to file claims against the Swiss government by the end of the year, seeking compensation for hundreds of Asian bondholders of Credit Suisse Additional Tier-...

UBS is taking a more disciplined approach amid tougher rules in some jurisdictions.

UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources

The Zurich-based lender is using Deloitte and KPMG to help screen client documentation

The decision made by regulator Finma to wipe out Credit Suisse’s Additional Tier one (AT1) bonds during the bank’s emergency takeover by its old rival UBS in March 2023 triggered an investor backlash and legal challenges.

Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful

The Swiss finance ministry and Finma both said they would analyse the court’s decision

UBS is working through a list of legacy legal issues inherited from Credit Suisse, which it bought in an emergency rescue in 2023.

UBS pays US$300 million to settle Credit Suisse mortgage case

[ZURICH] UBS Group said it reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s role in selling residential mortgage-backed secu...

The EU General Court threw out UBS’s appeal against the February 2021 penalty, and backed the European Commission’s findings that Credit Suisse.

UBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply

The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros

The contentious and costly part for UBS is the demand that it should fully capitalise its foreign subsidiaries.

UBS’s US$26 billion capital hit isn’t quite as bad as it seems

The Swiss bank’s shares rose following the government’ announcement of its too-big-to-fail rules, probably because investors anticipate the final settlement will be much lower

In March 2023, the Swiss government announced that US$17 billion worth of Credit Suisse perpetual bonds would be written off as part of UBS’ takeover of the bank.

Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million

Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover by UBS