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

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

March 20, 2023, 1:13 AM UTCUpdated onMarch 20, 2023, 6:17 AM UTC