The nature of Credit Suisse’s takeover has attracted controversy, particularly in regard to the treatment of the AT1 securities which were written down even as shareholders retained some value. Bondholders are challenging the decision, with a Swiss court recently ordering financial regulator Finma to release the decree that allowed for the decision.
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Li is the first Chinese defense minister to visit India since deadly clashes between their troops in the summer of 2020. The nuclear armed South Asian neighbors, who share a 3,488 Km (2,167 miles)-long disputed border, have been locked in their worst territory dispute in four decades since then.
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Larry Fink, chairman and chief executive officer of BlackRock, speaks at event on the sidelines of the opening day of the World Economic Forum (WEF) in Davos, Switzerland, on Tuesday, Jan. 17, 2023. The annual Davos gathering of political leaders, top executives and celebrities runs from January 16 to 20.
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