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Morgan Stanley analyst Joe Laetsch has maintained a Hold rating on Phillips 66 (PSX) with a price target of $122, citing concerns over shareholder disagreements and execution issues regarding financial targets. Despite the election of two nominees backed by Elliott Management, the company struggles to improve its refining EBITDA margin and lacks consensus among board members, leading to a cautious outlook on its strategic decisions.
A Swiss court has ruled that Credit Suisse shareholders will not receive compensation for losses from the bank's forced sale to UBS in March 2023. The Federal Supreme Court dismissed claims from two investors who argued the government misled the public about the bank's stability before the emergency sale, which occurred at a significant loss to shareholders. The ruling may set a precedent for other investors pursuing claims against the federal government, as legal actions continue regarding the write-off of CHF 16 billion in AT1 bonds and other related issues.
More than two years after its emergency merger with UBS, Credit Suisse continues to face legal challenges in Swiss courts, particularly regarding executive bonuses and shareholder losses. Recent court rulings have sparked renewed debates, with the Treasury Department planning to contest a decision that deemed restrictions on bonuses illegal, while a couple's claim for compensation after losing CHF 80,000 in shares was rejected. The situation highlights ongoing tensions surrounding banking regulation and executive remuneration in Switzerland.
The Credit Suisse bailout continues to spark legal disputes, with the Ministry of Finance appealing a court ruling on executive bonuses while a couple's compensation claim for losses from the bank's shares was rejected. The Federal Court deemed the government's bonus cuts unlawful, igniting further controversy amid ongoing litigation from shareholders and investors regarding the bank's financial instruments.
The aftermath of Credit Suisse's bailout continues to spark legal disputes, particularly over bonuses and shareholder compensation. The Swiss Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, with over 3,000 former shareholders challenging the buyback price and institutional investors contesting the value of AT1 bonds.
Deutsche Bank held its 2025 Annual General Meeting on May 22, where shareholders ratified management acts for the 2024 financial year, reflecting strong confidence in the leadership and strategic direction of the bank. The high approval rates for both Management and Supervisory Boards may enhance the bank's market position.
The fallout from Credit Suisse's bailout continues, with ongoing court disputes over bonuses and shareholder compensation more than two years after its collapse. The Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, including demands from over 3,000 former shareholders for a re-evaluation of the purchase price and institutional investors contesting the value of AT1 bonds.
UBS Group AG has acquired a 6.72% voting rights stake in BBGI Global Infrastructure S.A., signaling its strategic interest in the company and potentially influencing future decisions. Despite a recent analyst rating of Sell with a £1.35 price target, BBGI's overall stock score reflects a balanced view, highlighting strengths like a robust balance sheet and high dividend yield, while also noting challenges such as declining revenue and cash flow issues.
The Federal Supreme Court has dismissed a couple's compensation claim against the Swiss Confederation, which they alleged caused their financial loss in Credit Suisse shares due to misleading statements. The couple purchased 38,000 shares based on assurances from the Federal Council about the bank's stability, only to sell them for a fraction of their value after the UBS takeover announcement. They sought CHF54,601 in damages but were denied by the court.
The top Swiss court has ruled against two former shareholders of Credit Suisse who filed a claim regarding their investments. This decision marks a significant legal setback for the plaintiffs in their pursuit of compensation related to the bank's financial issues.
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Morgan Stanley Maintains Hold Rating on Phillips 66 Amid Strategic Concerns
09:29 24.05.2025
Swiss Court Denies Compensation to Credit Suisse Shareholders After UBS Sale
21:41 23.05.2025
Credit Suisse Legal Battles Continue Two Years After UBS Merger
18:09 23.05.2025
Credit Suisse Bailout Sparks Legal Battles Over Bonuses and Shareholder Losses
17:57 23.05.2025
Credit Suisse Bailout Sparks Legal Battles Over Bonuses and Shareholder Losses
17:56 23.05.2025
Deutsche Bank Shareholders Endorse Leadership at 2025 Annual General Meeting
16:47 23.05.2025
Credit Suisse Bailout Sparks Ongoing Legal Battles Over Bonuses and Compensation
16:46 23.05.2025
UBS Group AG Acquires 6.72 Percent Stake in BBGI Global Infrastructure
14:57 23.05.2025
Court Dismisses Credit Suisse Shareholder Compensation Claim Over Misinformation
13:56 23.05.2025
Swiss court dismisses lawsuit from former Credit Suisse shareholders
12:25 23.05.2025
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