Wealth and Asset Management
Swiss regulator justifies decision to wipe out $17bn of Credit Suisse AT1 bonds
Switzerland’s financial regulator FINMA issued a statement justifying its decision to wipe out $17bn of Credit Suisse’s additional tier one (AT1) bonds, as part of the deal with UBS to acquire the bank. The regulator said today (23 March) that the AT1s "contractually provide that they will be completely written…
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Click here to read the full story: Investment Week