Credit Suisse hit by U.S. lawsuit over writedowns, says case “without merit”

ZURICH (Reuters) – Credit Suisse faces a U.S. class action lawsuit over $1 billion in writedowns it took in 2015 and 2016 linked to its trading division, Swiss newspaper SonntagsZeitung reported on Sunday, but the Swiss bank said the case was “without merit”.

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Read the original at Reuters: Business News.