Advertisement
UK markets closed
  • FTSE 100

    7,554.47
    +40.75 (+0.54%)
     
  • FTSE 250

    18,701.99
    +83.25 (+0.45%)
     
  • AIM

    723.45
    +2.59 (+0.36%)
     
  • GBP/EUR

    1.1653
    -0.0005 (-0.04%)
     
  • GBP/USD

    1.2551
    -0.0043 (-0.34%)
     
  • Bitcoin GBP

    34,982.18
    -241.60 (-0.69%)
     
  • CMC Crypto 200

    914.81
    +18.10 (+2.02%)
     
  • S&P 500

    4,604.37
    +18.78 (+0.41%)
     
  • DOW

    36,247.87
    +130.49 (+0.36%)
     
  • CRUDE OIL

    71.26
    +1.92 (+2.77%)
     
  • GOLD FUTURES

    2,020.80
    -25.60 (-1.25%)
     
  • NIKKEI 225

    32,307.86
    -550.45 (-1.68%)
     
  • HANG SENG

    16,334.37
    -11.52 (-0.07%)
     
  • DAX

    16,759.22
    +130.23 (+0.78%)
     
  • CAC 40

    7,526.55
    +98.03 (+1.32%)
     

More Credit Suisse bondholders join group appeal against FINMA decision

The logo of Credit Suisse is seen outside its office building in Hong Kong

(Reuters) - More plaintiffs joined a group appeal against Swiss regulator FINMA over a 16 billion Swiss franc ($18.09 billion) writedown of Credit Suisse AT1 bonds, the law firm representing the group said on Thursday.

Law firm Quinn Emanuel Urquhart & Sullivan now represents over 1,000 bondholders that hold approximately a third of the total notional value of the Credit Suisse AT1 bonds, it said in a statement.

This follows the first claim filed by the firm last month, which it said was the first step in a battle to seek redress for clients whose assets it said had been expropriated during Credit Suisse's takeover by bigger rival UBS.

($1 = 0.8847 Swiss francs)

(Reporting by Jyoti Narayan in Bengaluru; Editing by Alison Williams)