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Why Credit Suisse’s bonds writedown is hitting Asia’s richest
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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.
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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
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