with UBS Group AG will wipe out the bank’s riskiest bonds, rattling investors in the quarter-trillion-dollar market for similar European bank debt.
About 16 billion Swiss francs, or about $17.3 billion, of the so-called additional tier 1 bonds will be completely written down, Switzerland’s financial regulator, Finma, . Credit Suisse also referenced the decision in a statement, saying it was informed by Finma that the bonds would be “written off to zero.”
How many other large banks hold a significant amount of these treasury bonds or mortgage backed securities ? That is the question ..
Come to $ampe ampio pharma
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: