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The Swiss Federal Administrative Court’s partial ruling on October 13, 2025, sparked controversy over the legal legitimacy of deeming Credit Suisse’s AT1 bonds valueless. This occurred subsequent to an appeal lodged by Swiss financial regulator, Finma. Now,…
HSBC, a London-based financial institution, is set to acknowledge a significant provision following a court ruling in Luxembourg, in relation to an ongoing lawsuit tied to the infamous Bernard Madoff scandal. The Madoff Scandal Impact HSBC is expected to make…
Uber Technologies Inc. said it would halt operations in Brussels from Nov. 26 after a court ruled that a 2015 ban on private individuals offering taxi services also applies to professional drivers. Uber said the decision by the Brussels Appeals Court on…
Chinese regulators have fined Alibaba 18 billion yuan ($2.75 billion) – around 4 percent of its revenues in 2019 – for violating anti-monopoly rules and abusing its dominant market position. The State Administration for Market Regulation (SAMR) said that…
