Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday.
The Swiss Investor Protection Association plans to file the claim in Zurich's commercial court on Monday on behalf of about 500 Credit Suisse equity investors, the newspaper said.
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European markets open lower; UBS ends Credit Suisse protection measures, shares up 4%European markets opened lower Friday as investors digest the latest U.S. inflation data and earnings.
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UBS cuts the cord, severing backstop Swiss government provided to buy Credit SuisseUBS on Friday took the decision to sever the backstop the Swiss government gave to absorb Credit Suisse, a bet there are no hidden skeletons that will emerge...
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UBS Ends Credit Suisse Loss-Protection Pact, Liquidity BackstopBy Adria Calatayud UBS Group said it has terminated a 9 billion Swiss franc ($10.27 billion) loss-protection agreement and a CHF100 billion public-liquidity...
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UBS Sheds Swiss Government Aid for Credit Suisse TakeoverUBS said it would no longer rely on Swiss government assistance tied to its emergency takeover of Credit Suisse in March, marking an important step in the absorption of its smaller rival
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Gold Price Forecast: XAU/USD ideally continues to hold key support at $1,898/$1,893 – Credit SuisseGold weakness has extended back to key support at $1,898/1,893 but strategists at Credit Suisse continue to look for a floor here. Weekly close below
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GBP/USD: Close above resistance at 1.2779/93 needed to ease immediate downside bias – Credit SuisseGBP/USD is holding above key support from the 1.2590 late June low. Economists at Credit Suisse analyze the pair’s technical outlook. GBP/USD needs to
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