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Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown
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Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender's emergency sale to UBS — saying it was a «viability event.»
The regulator said the loan Credit Suisse received from the Swiss National Bank last week meant the conditions for a writedown had been met.
This is a breaking news story and will be updated shortly.
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