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Home > Finance > AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports

Finance

AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports

Published by Global Banking and Finance Review

Posted on December 10, 2024

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(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)

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