Credit Suisse's rescue had a sting in its tail for the banking crisis. Here's what you need to know about AT1 bonds

Credit Suisse's rescue had a sting in its tail for the banking crisis. Here's what you need to know about AT1 bonds

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The Swiss regulator wrote the value of Credit Suisse's AT1 bonds down to zero as part of UBS's takeover deal Sunday. Arnd Wiegmann/Getty Images Credit Suisse was rescued by its longtime rival UBS on Sunday. As part of the deal, the Swiss regulator wrote down the value of the bank's so-called AT1…

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