HONG KONG -- Distraught Asian investors are exploring potential legal challenges to a Swiss decision wiping out $17.5 billion in Credit Suisse bonds as regulators in the region seek to ease concerns about the possibility of a similar rout in Asia.
Swiss authorities rattled global markets at the start of the week by pushing through a sale of Credit Suisse to UBS that rewarded shareholders with $3.25 billion -- but erased the value of Credit Suisse's alternative tier 1 bonds.
By continuing to browse this website, you accept cookies which are used for several reasons such as personalizing content/ads and analyzing how this website is used. Please review our
to learn how you can update your cookie settings.