Today news
About the same in other media
Swiss regulator moves to block access to Credit Suisse AT1 wipeout filings - reports
Reading now: 825
A group of Swiss and international investors representing billions of dollars of Credit Suisse AT1 bonds sued the Swiss regulator in April 2023 for the wipeout that followed the bank's acquisition by rival UBS in March last year. The AT1 bonds were issued by Credit Suisse as part of its capital structure to meet regulatory capital requirements. These had a clause allowing Swiss authorities to write them off regardless of what happened to the shares if the bank fell insolvent. Credit Suisse AT1 bondholders force Swiss regulator to hand over wipeout decree — reports However, the law ...
To continue reading this article...
Join now
Login
Read more on investmentweek.co.ukAbout this in other media
UBS could face higher capital rules under Swiss reforms investmentnews.com /3 weeks ago
UBS CEO’s compensation elicits concern from Swiss finance minister investmentnews.com /3 weeks ago
UBS to face tougher rules in Swiss response to Credit Suisse rescue economictimes.indiatimes.com /3 weeks ago
Show more
The website fvbb.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
