Credit Suisse bond holders in S’pore join lawsuit to seek US$100mil

The largest local group is made up of mostly Singaporeans, and law firm Withers said that their numbers are growing by the day. — Reuters

SINGAPORE: Some 100 investors have joined a class action to recover about US$100mil (RM444mil) in losses stemming from the collapse of Swiss lender Credit Suisse and the subsequent wiping out of their Additional Tier-1 (AT1) bond holdings.

The largest local group is made up of mostly Singaporeans, and law firm Withers said that their numbers are growing by the day.