Bloomberg Business

Marathon, Redwood Scoop Up Credit Suisse Claims

Hedge funds are snapping up claims on Credit Suisse Group AG’s AT1s, setting up what will be a contentious legal battle over the $17 billion in debt that was written down to zero.

Novogratz Sees Crypto Strength as China Lifts ‘Regulatory Boot’

Michael Novogratz, the founder of crypto financial services firm Galaxy Digital Holdings Ltd., said crypto markets “feel strong” this year, due to sellers’ exhaustion and the easing of restrictions in China, with Hong Kong warming up to the digital-asset sector.

Credit Suisse Seeks to Soothe Swiss Clients on UBS Worries

Credit Suisse Group AG’s top executives in Switzerland sought to reassure local clients over worries stemming from the takeover by UBS Group AG, and underlined the importance that the domestic business has for the new combined bank.

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