Credit Suisse has been served with a lawsuit by shareholders over its recent difficulties, while being hit with the departures of several top executives in the firm’s Asia-Pacific arm.
The lawsuit, which was filed by US investors, has claimed that the bank made "materially false and misleading statements" in its 2021 annual report. It was filed by Rosen Law Firm in Camden, New Jersey, which specialises in representing individual shareholders in suits. The group was also the first to sue Silicon Valley Bank after it collapsed last week, causing the Federal Government to intervene. Credit Suisse to 'pre-emptively strengthen liquidity' with $54bn central bank loan Meanwhile, various top executives have left the firm in its Asia-Pacific arm. Nick Silver, co-hea...
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