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NEW YORK, June 06, 2024--UBS Investment Bank today announced coupon payments for 5 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the "ETNs").
Credit Suisse debt holders wiped out when so-called AT1 bonds were voided in the bank's takeover by UBS Group AG are now suing Switzerland in New York, according to Dennis Harry Hranitzky, a partner at Quinn, Emanuel, Urquhart & Sullivan, the firm that brought the case. The new effort aims at negating Switzerland's "home-court advantage" after an initial suit in Switzerland, Hranitzky tells Sonali Basak on "Bloomberg Markets."