2023-05-17 19:09:15
The Qatar state fund is having lawyers examine whether and to what extent it might assert claims once morest Switzerland. This is for losses incurred as a result of Credit Suisse’s forced merger with UBS, in connection with Credit Suisse’s collapse, Archyde.com reported on Wednesday evening, citing “informed sources”.
Qatar Investment Authority (QIA), with a stake of around 7%, is the second largest shareholder in the two-veiled bank. This participation dates back to the financial crisis of 2008.
According to calculations by Archyde.com, the Qatari fund estimates that the sale of Credit Suisse to UBS at a tiny fraction of its market value caused it a loss of around $330 million. For the moment, the mandate to a law firm is in the evaluation phase and there is currently no question of a complaint.
Our articles of this Wednesday
find our main articles on the fall of Credit Suisse.
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