Credit Suisse rescue plan may include nationalization, bondholder losses
A rescue plan for Swiss banking giant Credit Suisse may impose losses on its bondholders and even result in a full or partial nationalization of Credit Suisse Group AG, multiple reports revealed on March 19.
Swiss authorities are considering applying losses to Credit Suisse bondholders as part of the bank's ongoing recovery efforts, Reuters learned from two sources.
European regulators are concerned that the move might undermine investor confidence in Europe's financial sector.Another report from Bloomberg claims that the Swiss government is analyzing a full or partial nationalization of the bank, the only available alternative if the UBS takeover is not completed.
Investment bank UBS is Switzerland’s largest bank.Can anyone else remember seeing European bank CDS and bonds quoted on a Sunday before?
Read more on cointelegraph.com
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