Core Insights - UBS Group AG increased its stake in Guoyin Financial Leasing Co., Ltd. by acquiring 3.468 million shares at a price of HKD 1.7988 per share, totaling approximately HKD 6.2382 million [1] - Following this acquisition, UBS's total shareholding in Guoyin Financial Leasing is approximately 139 million shares, representing a 5.01% ownership stake [1]

Core Points - A UK court has dismissed a $440 million lawsuit against Japan's SoftBank group filed by Credit Suisse over losses from the collapse of Greensill Capital [1] Group 1 - The lawsuit was related to financial losses incurred by Credit Suisse due to the failure of Greensill Capital [1] - Judge Robert Miles of London's High Court presided over the case and ruled in favor of SoftBank [1]

(Bloomberg) -- SoftBank Group Corp. successfully defended itself in a trial against Credit Suisse over a restructuring agreement that left investors in the Swiss lender’s funds out of pocket by as much as $440 million. The London trial pored over a series of transactions involving the now-defunct Greensill Capital and the way the trade finance firm restructured its relationship with Katerra Inc., a US-based construction company in which SoftBank was a major investor.Credit Suisse sued SoftBank accusing it o ...

Credit Suisse on Wednesday lost its $440 million London lawsuit against Japan's SoftBank Group Corp over losses linked to collapsed finance firm Greensill Capital. ...

Swiss market regulator FINMA said on Wednesday it would appeal a ruling by a Swiss court that revoked a decree by the financial watchdog ordering the write-off of Credit Suisse debt during the bank's ... ...

By Dave Graham, John Revill and Oliver Hirt ZURICH (Reuters) -Writing off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, a Swiss court ruled on Tuesday, boosting bondholders' hopes of recouping losses and raising fresh questions about how authorities handled the bank's rescue. Swiss market regulator FINMA's decision in March 2023 to wipe out Credit Suisse's Additional Tier 1 (AT1) bonds during the state-engineered takeover by its rival UBS triggered an investor backlash a ...

智通财经APP获悉，一项瑞士法院的重要裁决，为那些在瑞士银行业巨头瑞银集团(UBS Group AG)以政 府撮合的大型收购交易救助瑞信(Credit Suisse)时其投资被清零的瑞信债券长期持有人带来了新的希望。 原告方约3,000名投资者主张，2023年3月作出的将165亿瑞士法郎(大约205亿美元)额外一级资本(AT1)债 券减记的政令违法，应予撤销，并应将该减记予以恢复确认。 瑞士联邦行政法院于10月1日就其中一宗作为"测试案件"的诉讼作出裁决，并在周二发布的公告中表 示，法院支持上述原告的上诉权并支持撤销该政令。 但是法院表示，其尚未就"全面恢复"请求作出正式决定，且在关于撤销政令的决定最终生效之前，其他 的案件现在暂停审理。这意味着任何实际赔偿可能需要数年时间。 关于瑞银最终需要持有多少额外资本以及关于AT1债券的索赔诉讼，一直在某种程度上压制着瑞银股 价。投资者们普遍担心该行的派息可能因此受损，但即便如此，在美股交易市场，瑞银ADR价格今年 以来涨超35%大幅跑赢标普500指数。自今年以来，瑞银美股ADR可谓屡创历史新高，若关于CET1与 AT1的不确定性有所降温，瑞银股价表现或将更加强劲。 ...

By Dave Graham, John Revill and Kirsti Knolle ZURICH (Reuters) -Swiss authorities' 2023 decision to write off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, a court said on Tuesday, raising fresh questions about how the bank's rescue and subsequent takeover by UBS was handled. The March 2023 decision by market regulator FINMA to wipe out Credit Suisse's Additional Tier 1 (AT1) bonds during the state-engineered takeover by its old rival UBS triggered an investor backlash a ...

The Swiss government and the country's financial market regulator on Tuesday both said they would analyse a court's partial decision that the write-off of Credit Suisse AT1 debt as part of the bank's ... ...

Core Points - UBS is suing a $1.1 billion advisory team that left for RBC, alleging they are breaching non-solicitation agreements [1][2] - The advisors are accused of orchestrating a scheme to unlawfully solicit UBS's most lucrative clients, particularly those with high asset values [2][5] - UBS claims the advisors signed non-solicitation agreements that cover virtually all of their UBS clients, with restrictions lasting until the end of 2027 [4] Summary by Sections - **Legal Action**: UBS filed for a temporary restraining order against advisors Jonathan Modiano, Adam Jones, and Mark Steinberg in Michigan federal court [1] - **Client Solicitation Allegations**: UBS alleges that the advisors planned their resignations to facilitate the removal of physical documents and have been soliciting legacy clients to transfer their accounts to RBC [2][5] - **Background of Advisors**: Modiano and Jones have been with UBS since 2003 and 2011, respectively, while Steinberg registered in 2000 and previously worked at Merrill Lynch [2] - **Legacy Client Program**: The advisors were part of a program allowing them to inherit clients from retiring advisors, receiving payments based on revenues from these accounts for five years post-retirement [3] - **Non-Solicitation Agreements**: UBS states that the advisors signed agreements restricting solicitation of clients and UBS employees, with time frames ranging from one year post-employment to the end of 2027 [4] - **Resignation Details**: The advisors allegedly resigned en masse on September 25, using identical notices and immediately began working for RBC [5] - **Post-Resignation Activity**: UBS claims to have received multiple calls from clients requesting materials to transfer assets shortly after the advisors' resignations, including a significant transfer request for a legacy account trust worth over $270 million [6]