Credit Suisse Group AG

The giant Swiss banking institution UBS Group has announced that it has completed a $3.2 billion takeover of rival Credit Suisse.

Swiss regulator faces lawsuits over Credit Suisse collapse!

The dispute is over AT1 bonds, which the authority had valued at zero, wiping out their aggregate value of about $17 billion (CZK 365 billion).

I always thought that the Swiss banking system was unparalleled in the world, but unfortunately the fall of Credit Suisse suggests the opposite. Bank $CS+1.0% had to be taken...
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