(Bloomberg) -- A group of investors in Credit Suisse Group AG bonds that got wiped out when UBS Group AG rescued the bank in a Swiss government-brokered deal...
-- A group of investors in Credit Suisse Group AG bonds that got wiped out when UBS Group AG rescued the bank in a Swiss government-brokered deal are suing the country in New York as they take their fight abroad.Billionaire-Friendly Modi Humbled by Indians Who Make $4 a DayThe lawsuit, filed Thursday in federal court in New York , seeks more than $82 million plus interest.
Bondholders are also betting that any potential slowdown of economic growth won’t be severe, and the global banking industry is in a much better position. The case is Creditincome Ltd. v. The Swiss Confederation, 24-cv-04316, U.S. District Court, Southern District of New York.Sam Altman Was Bending the World to His Will Long Before OpenAIThe Securities Industry and Financial Markets Association may ask regulators for more time to implement a rule requiring centralized Treasury clearing as Wall Street faces a 2026 deadline.
On Thursday's episode of Morning Brief, hosts Brad Smith and Seana Smith explore the ECB's latest rate cut decision, the rebound of small-caps, trending tickers, and more. The European Central Bank cut interest rates for the first time since September 2019, moving from 4% to 3.75%. Principal Asset Management Chief Global Strategist Seema Shah joins the Morning Brief to discuss her outlook on the cuts and the Federal Reserve's own threshold for cutting rates.
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