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Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout.
In: Bloomberg.com, 2024-04-24, S. N.PAG
Online
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Zugriff:
Hedge fund Appaloosa LP, along with Palomino Master Ltd. and Azteca Partners LLC, has filed a lawsuit against Credit Suisse Group AG over the $17 billion loss of high-risk bonds. The funds claim that Credit Suisse misled them about the bank's financial stability when they purchased the bonds, which were written off to zero just days later. This lawsuit is one of many filed over the bond wipeout, and the plaintiffs are seeking unspecified damages. [Extracted from the article]
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Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout.
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Autor/in / Beteiligte Person: | Graf, Rachel |
Zeitschrift: | Bloomberg.com, 2024-04-24, S. N.PAG |
Veröffentlichung: | 2024 |
Medientyp: | serialPeriodical |
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