Credit Suisse Write-Off Upends European Bank Capital Bonds
Published
Some $17 billion of riskier Credit Suisse bonds were written down to zero as part of its emergency takeover. Switzerland’s move to wipe out $17 billion of Credit Suisse Group AG bonds has prompted investors to reassess a market integral to the safety and resilience of Europe’s banking system. The…
#switzerland #creditsuissegroupag #ubsgroupag #at1s