Page 41 - Additional Tier News Today

A key decision in Credit Suisse’s forced rescue merger with UBS has brought turmoil

What investors will be watching over the next seven days

Banking stocks fell sharply in Europe on Friday with heavyweights Deutsche Bank and UBS Group hit hard by worries that the worst problems in the sector since the 2008 financial crisis were not yet

(Reuters) - Banking stocks fell sharply in Europe on Friday with heavyweights Deutsche Bank and UBS Group hit hard by worries that the worst problems in the sector since the 2008 financial crisis were not yet contained. | 06:24am

Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS .

Banking stocks have fallen sharply with heavyweights Deutsche Bank and UBS hit hard by fears of the worst crisis since 2008 financial crisis

Banking stocks fell again on Friday, with shares in German giant Deutsche Bank knocked by worries that regulators and central banks have not yet contained the worst shock to the sector since the 2008 global financial crisis.

Confidence in European banks deteriorated further on Friday, with the cost of insuring against a debt default rising sharply as the profit outlook for the sector dimmed.

Investegate announcements from HSBC Holdings PLC, Notice of AGM

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