Credit Suisse Bond-Wipeout Threatens $250 Billion Market

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Credit Suisse Bond-Wipeout Threatens $250 Billion Market
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Credit Suisse’s merger with UBS will wipe out the bank’s riskiest bonds known as AT1s. What they are and why their write down matters for other European banks.

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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.”

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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

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