Banken: UBS einigt sich in Greensill-Milliardenklage mit Versicherer IAG
Die Credit Suisse zieht ihre Klage gegen den australischen Versicherer zurück und einigt sich außergerichtlich – nur Tage bevor ein Gericht in Sydney urteilen sollte.
Düsseldorf - Credit Suisse, the subsidiary of UBS, has reached a settlement in a billion-dollar lawsuit against Australian insurer IAG related to the Greensill controversy, according to a statement released by IAG on Friday. The conditions of the agreement remain confidential, the statement says. According to IAG, the total value of the claims made by the Credit Suisse entities amounts to approximately 2.8 billion Australian dollars (around 1.6 billion Swiss francs), including interest. The settlement comes just days before the scheduled start of proceedings in an Australian court.
The UBS welcomed the settlement in a Friday statement, stating that the agreement aligns with the bank's goal of promptly addressing legacy liabilities in the best interest of its stakeholders. The bank also declined to comment on the specifics of the settlement.
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