Why $17 billion in Credit Suisse bonds became worthless
Published
Why $17 billion in Credit Suisse bonds became worthless Credit Suisse’s ‘CoCo’ bonds did exactly what they were designed to do: Transfer all the risk of debt from the bank to bondholders Troubled bank Credit Suisse will be acquired by Swiss rival UBS, a move engineered by the Swiss government in…
#creditsuisses #ubs #coco