UBS to Appeal AT1 Bond Court Setback

Handelszeitung

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Credit Suisse's ruling on AT1 bonds calls into question a key pillar of banking regulation. Banks face a billion-dollar gap.

rts.ch

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UBS will appeal the decision of the Federal Administrative Tribunal (TAF) on the depreciation of AT1 bonds during the rescue of Credit Suisse. The bank also recorded a net profit of 2.5 billion dollars (2 billion francs) in the third quarter.

pme.ch

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UBS intends to appeal the Federal Administrative Court's (FAC) decision regarding the write-down of Credit Suisse's AT1 bonds. It thus joins FINMA, which announced in mid-October its intention to bring the case before the Federal Supreme Court.

Moneycab

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With its complaint, UBS wanted to ensure that its view on the relevant facts in connection with the CS takeover is taken into account by the court, the UBS informed.

rsi.ch

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Reached $2.48 billion, up 74% - Repurchase of $1.1 billion of shares - The bank: Reset AT1 was an integral part of the rescue of Credit Suisse.