- Credit Suisse faces its first US investor lawsuit over alleged misleading of shareholders regarding its financial prospects.
- US Treasury officials have been monitoring the situation.
- Switzerland's largest party is against a state guarantee for Credit Suisse.
- UBS and Credit Suisse are opposed to a forced combination.
- Central bank interest rate hikes have produced financial strain and turmoil, hitting Credit Suisse and other banks.
Bloomberg — Business — Banking — Investment — Regulation — Legal
Credit Suisse Accused in Suit of Misleading Investors
Credit Suisse faces lawsuit and opposition to a state guarantee, while UBS opposes a forced combination amid financial strain and turmoil