Today news
About the same in other media
Why Credit Suisse’s bonds writedown is hitting Asia’s richest
Reading now: 609
The full write-down of Credit Suisse’s riskiest bonds as part of its takeover by UBS has left some wealthy Asian investors sitting on big losses.
More than $17bn in so-called Additional Tier 1 securities issued by Credit Suisse became virtually worthless last month, following a controversial decision by Switzerland’s financial regulator. Asian high-net-worth investors — including clients of Credit Suisse’s own private bank — were among the holders of these bonds.
The...
Read more on fnlondon.comAbout this in other media
Credit Suisse shelves Klein acquisition as dealmaking fees tumble 51% fnlondon.com /1 year ago
Credit Suisse investors suing Swiss regulator after £4bn bond wipeout theguardian.com /1 year ago
Credit Suisse shareholders launch legal challenge to $17bn writedown fnlondon.com /1 year 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.
