20 March 2023

Emergency Rescue|Haste Makes Waste

 



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

Bloomberg business news

WATCHL JPMorgan’s Bob Michele discusses the outlook for bond markets.Source: Bloomberg

Updated on

No comments: