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UBS Faces New Lawsuit by Appaloosa Over Credit Suisse $17 Billion Bond Wipeout
A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a ... Read More
Synchrony's Q1 profit misses expectations on higher provisions tied to Ally deal
Consumer banking firm Synchrony Financial's first-quarter profit missed expectations on Wednesday, as reserves tied to its acquisition of Ally Financial's point-of-sale financing unit drove provisions ... Read More
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