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A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank’s Additional Tier 1 (AT1) debt. As part of Credit Suisse’s emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 ...
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Standard Chartered Bank has forecasted a significant surge in Bitcoin’s price, potentially reaching $150,000 by the end of 2024, contingent upon Donald Trump’s re-election as U.S. President. This prediction stems from an expected shift towards a more favorable regulatory environment for cryptocurrencies under a Trump administration. Impact of Fiscal ...