[ad_1] In an effort to address customer demand for portfolio diversification, Mitsubishi UFJ Financial Group Inc. said its brokerage venture sold Credit Suisse Group AG’s riskiest bonds. In an effort…
Tag: AT1
UPDATE 1-Credit Suisse AT1 bonds – Swiss court gets 100s of claims against financial regulator
[ad_1] (Adds detail, background, comment) ZURICH, April 26 (Reuters) – Switzerland’s Federal Administrative Court has received several hundred claims against the country’s financial regulator FINMA after it wrote off the…
Credit Suisse AT1 bond writeoff hands $1 billion loss to Japan investors
[ad_1] Japan investors bought about ¥140 billion ($1 billion) of Credit Suisse Group’s bonds that were written off when the Swiss bank was suddenly sold last month, Finance Minister Shunichi…
Standard Chartered CEO skeptical of Credit Suisse AT1 bond wipeout
[ad_1] HONG KONG — Standard Chartered Group Chief Executive Bill Winters raised doubt over the $17.5 billion wipeout of Credit Suisse’s additional tier 1 (AT1) class bonds, expressing skepticism over whether the Swiss…
StanChart CEO says AT1 bond wipeout has profound impact
[ad_1] HONG KONG, March 24 (Reuters) – Standard Chartered (STAN.L) Chief Executive Bill Winters said on Friday Credit Suisse AG’s (CSGN.S) $17 billion Additional Tier 1 bonds wipeout had “profound”…
Exclusive: N. American fixed income group will not take legal action over Credit Suisse AT1 wipeout -source
[ad_1] TORONTO, March 23 (Reuters) – The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not…
Explainer: Credit Suisse bondholders seek legal advice on AT1 wipe-out
[ad_1] LONDON, March 23 (Reuters) – Credit Suisse (CSGN.S) bondholders are seeking legal advice after the Swiss regulator ordered 16 billion Swiss francs ($17.5 billion) of Additional Tier-1 (AT1) debt…
Swiss regulator defends $17bn wipeout of AT1 bonds in Credit Suisse deal
[ad_1] Swiss financial regulator Finma has defended its decision to wipe out a huge swath of risky subordinated bonds as part of the Credit Suisse rescue deal. The move taken…
Swiss regulator defends decision to write off AT1 bonds
[ad_1] Switzerland’s financial market regulator FINMA has defended its decision to impose steep losses on Credit Suisse bond holders today, saying the decision was legally watertight. On Sunday, Switzerland announced…
Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout
[ad_1] Staff Reporter , Singapore Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said. The Monetary Authority of Singapore (MAS) reaffirmed that it will stick to…