Reply To: UBS to Buy Credit Suisse in $2B All-Stock Deal, Includes SNB $US100 Billion Liquidity Line

20 Mar '23 at 1:48 am #55256

Participant

Credit Suisse holders of CHF 16bn (circa US$17bn) of AT1 bonds have been wiped out.

Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator FINMA.

FINMA says the decision would support the bank’s capital

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