© Reuters. FILE PHOTO: Bill Winters, Group Chief Executive of Standard Chartered, attends the Global Financial Leaders' Investment Summit in Hong Kong, China November 2, 2022. REUTERS/Tyrone Siu HONG KONG…
© Reuters. FILE PHOTO: A person walks past the Credit Suisse office in Canary Wharf in London, Britain, March 20, 2023. REUTERS/Hannah McKay/File Photo By Divya Rajagopal TORONTO (Reuters) -The…
Arnd Wiegmann/Getty Images News Bond investors were outraged this week after the shotgun wedding between Credit Suisse (NYSE:CS) and UBS (NYSE:UBS) wiped out $17B worth of so-called AT1 debt. The…
Swiss financial regulator Finma has defended its decision to wipe out the value of risky additional tier 1 bonds as part of the Credit Suisse rescue deal. The move enraged…
US distressed debt investors and corporate litigators are preparing to fight the Swiss government over its decision to write down $17bn of Credit Suisse bonds as part of the bank’s…
The wipeout of $17bn of Credit Suisse bonds has sparked panic among rich Asian investors who had loaded up on the risky bank debt. Under the terms of the UBS…
Credit Suisse bondholders were in an uproar on Monday and the European Central Bank raised concerns after the rescue deal by rival UBS resulted in $17bn of the failed Swiss…
Credit Suisse Group AG’s riskiest bonds pared their advance on Sunday on concern that Swiss authorities may need to nationalize the bank if a deal with UBS Group AG falls…
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