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Lawyers eye claims against Swiss government after Credit Suisse bonds writedown

Litigators are exploring potential avenues of redress for holders of Credit Suisse's AT1 bonds, which include the likes of Fidelity International, Invesco, Lazard, Pimco and GAM

By David Ricketts
As part of the rescue deal between UBS and Credit Suisse, announced on 19 March, about $17.3bn of AT1 bonds were written down to zero
As part of the rescue deal between UBS and Credit Suisse, announced on 19 March, about $17.3bn of AT1 bonds were written down to zero Photo: Bloomberg via Getty Images

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Lawyers are scrutinising statements made by Switzerland's financial regulator in the days leading up to the hastened merger between UBS and Credit Suisse, exploring whether investors could sue the country's government after $17bn worth of the bank's bonds were wiped out.

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