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

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

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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, 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 Sunday…

#ubs #pimco #at1s #creditsuisseat1

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