ZURICH (Reuters) - A group of Credit Suisse bondholders holding $82 million worth of the failed bank's Additional Tier 1 (AT1) debt have filed a lawsuit against Switzerland seeking compensation, U.S. court filings on Thursday showed.
Credit Suisse collapsed in 2023 and was taken over by rival UBS in a rescue orchestrated by Swiss authorities. As part of that operation, Swiss regulator FINMA wrote down about $17 billion of Credit Suisse's AT1s, angering... (continue reading...)
WASHINGTON (Reuters) - U.S. President Joe Biden said on Thursday he would not pardon his son Hunter, who is on trial in Delaware on charges he broke a law barring illegal drug users from owning firearms.
In an interview with ABC News, Biden replied "yes" when asked if he would rule out pardoning Hunter.
(Reporting by Eric Beech; Editing by Caitlin Webber)
WASHINGTON (Reuters) - The U.S. 6th Circuit Court of Appeals will hear a series of industry legal challenges seeking to block the Biden administration's reinstatement of landmark net neutrality rules set to take effect on July 22, according to an order Thursday.
The Federal Communications Commission voted in April along party lines to reassume regulatory oversight of broadband internet and reinstate open internet rules adopted in 2015 that were... (continue reading...)
(Reuters) - Shares of GameStop surged over 30% on Thursday after the online stock influencer known as "Roaring Kitty" posted on YouTube that he would hold a livestream on Friday.
Thursday's surge was the latest in a bout of volatile trading in the struggling videogame seller's shares that kicked off last month after the influencer, whose real name is Keith Gill, returned to X.com after a three-year hiatus.
The "Roaring Kitty" channel on... (continue reading...)
By Daniel Wiessner
(Reuters) - A U.S. appeals court on Thursday seemed open to barring the Biden administration from destroying razor-wire fencing that Texas placed along its border with Mexico while the Republican-led state pursues a lawsuit accusing the federal government of trespassing.
A three-judge panel of the New Orleans-based 5th U.S. Circuit Court of Appeals heard arguments for nearly an hour in an appeal by Texas of a judge's... (continue reading...)
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