Why were AT1 bonds of Credit Suisse written off in the UBS takeover bid? Bonds can be a tricky business, and the risks can be even higher when it comes to AT1 bonds or perpetual bonds. Indian banks learned this the hard way in 2020 when Yes Bank faced a massive crisis because of these …
AT1 Bonds Wipe Out $17 Billion of Credit Suisse! Read More »
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