AllianceBernstein to sue Switzerland over $17 billion Credit Suisse debt wipeout, FT reports

AllianceBernstein plans to sue Switzerland for $225 million after UBS' takeover of Credit Suisse erased $17 billion of the bank's debt, angering bondholders.

Earnings call: AllianceBernstein surpasses $800 billion AUM in Q3

Barclays new asset manager coverage; rates BlackRock overweight

Barclays analysts updated asset management ratings, giving BlackRock an Overweight rating, while highlighting challenges in organic revenue growth amidst competitive pressures and changing industry dynamics.