Among the biggest losers in the shotgun sale of Credit Suisse Group AG are investors in the firm’s riskiest bonds, known as AT1s, worth $17 billion.
These money managers are set to be wiped out — potentially sending that $275 billion market for bank funding into a tailspin, while threatening blowback for European policy makers in crisis-fighting mode.
www.bloomberg.com
Risky Credit Suisse Bond Wipeout Upends $275 Billion Market
Neil Callanan, Tasos Vossos, Priscila Azevedo Rocha
1 minute
Updated on
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