Swiss investors want UBS to settle over Credit Suisse bond write-off, FT reports

Swiss bondholders are seeking ways to push for a settlement with UBS (UBS) after a court found that the SFr16.5B wipeout of Credit Suisse AT1 bonds during the 2023 rescue lacked a solid legal basis, The Financial Times’ Mercedes Ruehl, Ortenca Aliaj, and Simon Foy report. FINMA and UBS are appealing the ruling, and the case is headed to the Swiss Supreme Court, a process likely to take years with the decision unenforced during the appeal.