Wealth and Asset Management
Asia investors ‘gobsmacked’ by $17bn Credit Suisse bond wipeout
The wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt. Under the terms of the UBS takeover of Credit Suisse, orchestrated by the Swiss government on Sunday, Credit Suisse’s additional tier 1 bonds were written down…
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Click here to read the full story: Financial Times