AllianceBernstein to sue Switzerland over $17 bln Credit Suisse debt wipeout, FT reports

Alliancebernstein Holding LP

10/12/2024 05:09

Dec 10 (Reuters) - U.S. asset manager AllianceBernstein
 AB.N  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  UBSG.S  last year, the Financial Times reported on Tuesday.
    





 (Reporting by Angela Christy in Bengaluru)
 ((AngelaChristy.M@thomsonreuters.com;))