TOKYO :Japanese banks' holdings of Additional Tier-1 bonds issued by Credit Suisse are small so the direct hit from them being written down to zero will be limited, Finance Minister Shunichi Suzuki said on Tuesday.
Suzuki also said some companies and wealthy individuals also hold Credit Suisse's AT1 bonds, and will likely suffer losses. Suzuki made the comment in parliament, when asked about the potential impact of the U.S. and European banking-sector woes on Japan's banking sector.
最好小心点，后果会很严重！
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines Finance Minister: interest rate hike pause likely in cbank's next meetingMANILA : Philippines Finance Secretary Benjamin Diokno said on Sunday he believed that the local central bank was leaning towards a pause in interest rate hikes at its next monetary policy meeting scheduled for May.'In my view, the monetary authorities have done enough. And monetary policy is not the only
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Credit Agricole launches China M&A and investment banking businessHONG KONG : Credit Agricole, France's second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit.The new unit, Credit Agricole (Beijing) Advisory Services, focuses on cross-border merger and acquisition, encompassing purc
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »