Asia investors sue Switzerland over bank collapse

- Business - May 4, 2023
Hafsa Mustafa from GCU Lahore.

Asian investors have joined a series of landmark international lawsuits being filed against the Swiss government over its handling of the takeover of troubled bank Credit Suisse. In March, Swiss authorities forced Credit Suisse to merge with larger rival UBS amid fears it could collapse. The move rendered worthless $17bn of bonds held by investors.