Bank shares slide after UBS agrees ‘emergency rescue’ of Credit Suisse
Shares in major banks are sliding this morning, as initial relief over the emergency rescue of Credit Suisse fades. Investors are concerned about the massive hit some Credit Suisse bondholders would take under the UBS acquisition, given that $17bn worth of riskier AT1 bonds are being wiped out…
#ubs #standardchartered #hongkong #hsbc #hangseng #ftse #michaelhewson
