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AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports
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AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports
Dec 9, 2024 9:22 PM

(Reuters) - U.S. asset manager AllianceBernstein ( AB ) is preparing to sue Switzerland for $225 million over the decision to wipe out $17 billion of debt when the country's government orchestrated the takeover of Credit Suisse by rival UBS last year, the Financial Times reported on Tuesday.

(Reporting by Angela Christy in Bengaluru)

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