Credit Suisse saga gets legal

Former investment banker Yoong opines that suing the Swiss authorities will be an uphill task.

INVESTORS in Asia who lost money buying Credit Suisse’s Additional Tier 1 or AT1 bonds have started considering legal action against the Swiss government.

This week, it was reported that over 30 investors in Singapore including family offices, had commenced discussions with lawyers, arguing that their rights in the matter had been breached.

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