UBS, Swiss finance blog settle Credit Suisse legacy lawsuit

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UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication said on Tuesday. As part of the settlement, Inside Paradeplatz agreed to delete or amend user comments and three passages from posts. Credit Suisse launched a lawsuit against the blog, widely read in Swiss finance circles, in December over user comments left under posts.

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There is growing concern that China's economy may be in some serious trouble. Macrolens Chief Strategist and Managing Principal Brian McCarthy says that, as is, China is dealing with geopolitical concerns and an economy in transition. With that backdrop, the country is also experiencing "the biggest housing bubble we've probably ever seen has just blown up," which will be a drag on credit extensions and consumer confidence, McCarthy tells Yahoo Finance Live.

 

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