Business & Finance

Qatar fund explored claims against Switzerland for Credit Suisse losses

17 May 2023, 4:15 pm 1 minute

Sources exclusively revealed to Reuters that Qatar’s sovereign wealth fund, Credit Suisse’s second-largest investor, has explored seeking redress for losses incurred by the bank’s takeover as legal challenges to Switzerland’s state-backed rescue mount.

Market Impact

QIA stands to lose roughly $330 million on its equity stake in Credit Suisse as a result of the sale to rival UBS, Reuters calculations show.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & Finance

Regions: EuropeMiddle East

Countries: QatarSwitzerland

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Important Regional Story

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