[ad_1] Emerging markets ended a volatile quarter with China’s plunging economy, spiking US yields and rising oil prices sparking the worst decline in stocks in a year. Despite a rebound…
Tag: wipeout
Credit Suisse bondholders force Swiss regulator to release AT1 wipeout decree
[ad_1] Receive free Credit Suisse Group AG updates We’ll send you a myFT Daily Digest email rounding up the latest Credit Suisse Group AG news every morning. Credit Suisse’s bondholders…
Credit Suisse bondholders sue Swiss regulator over wipe-out
[ad_1] Claimants represent $5 billion of AT1 bonds Law firm says seeking redress for expropriation Claim one of a number filed in Switzerland over deal April 21 (Reuters) – Investors…
Credit Suisse’s Risky-Bond Wipeout Hurts Asia’s Rich
[ad_1] Private bankers from UBS and other international banks actively pushed AT1 securities to their wealthy clients for years. [ad_2] Source link
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…