PIMCO lost $340 mln with Credit Suisse AT1 bonds write-off - source

PIMCO lost $340 mln with Credit Suisse AT1 bonds write-off - source

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Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS (UBSG.S), with the American investment manager's overall exposure to the Swiss lender running into billions, a source familiar with the situation said. Swiss authorities on…

#ubs #ubsgs #pimco #at1s #creditsuisseat1

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