Published by Global Banking & Finance Review®
Posted on December 10, 2024
1 min readLast updated: January 27, 2026
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AllianceBernstein plans to sue Switzerland for $225M due to the $17B Credit Suisse debt wipeout during UBS's takeover, as reported by FT.
(Reuters) - U.S. asset manager AllianceBernstein is preparing to sue Switzerland for $225 million over the decision to wipe out $17 billion of debt when the country's government orchestrated the takeover of Credit Suisse by rival UBS last year, the Financial Times reported on Tuesday.
(Reporting by Angela Christy in Bengaluru)
The main topic is AllianceBernstein's lawsuit against Switzerland over the $17 billion Credit Suisse debt wipeout.
AllianceBernstein is suing for $225 million due to the debt wipeout during the Credit Suisse takeover by UBS.
The Swiss government orchestrated a takeover by UBS, resulting in a $17 billion debt wipeout.
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