Some Credit Suisse bondholders wiped out in UBS takeover

Some Credit Suisse bondholders wiped out in UBS takeover

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UBS’s emergency takeover of Credit Suisse may have been necessary to avert a financial crisis, but at least one group is Yosemite Sam-level angry over how the deal shook out. Investors holding $17 billion worth of Credit Suisse’s additional tier-one bonds were shocked to discover that their $17…

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