Page 44 - Additional Tier News Today

Instead of allowing troubled institutions to go bankrupt, authorities have acted to prop them up by arranging bear mergers from more solid rivals.

NEW YORK — Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS, with the American…

A look at the day ahead in European and global markets from Anshuman Daga Market gyrations are common but the scale of recent moves across asset class...

(Reuters) - Canada's banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a more favorable...

(Reuters) - Canada's banking regulator said on Monday that those who hold Additional Tier 1 (AT1) and Tier 2 debt will be entitled to a more favorable outcome if a bank runs into trouble. The

LONDON — Lawyers from Switzerland, the US and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bond holders about possible legal action after the state-backed rescue of Credit Suisse by UBS wiped out AT1 bonds, law firm Quinn Emanuel Urquhart & Sullivan said on Monday (March 20). Quinn Emanuel said it was in discussions with...

S&P/ASX 200 Index (ASX: XJO) investors beware. The Swiss government-backed UBS takeover of Credit Suisse is bending long-held rules.

The US crisis arises from the fact that many middle-sized banks have invested heavily in what are supposed to be the safest assets of all, Treasury bonds and mortgage-backed securities, which have fallen in value because of the Fed’s interest rate hikes.

(Bloomberg) -- Thanks to swift central bank action to stamp out financial sector troubles, the investment case for European bank shares could be set for a complete reset. One where bulls are back in charge. With European banks rebounding on Tuesday for the second day in a row, the Stoxx 600 Banks Index has clawed back almost half of last week’s 12% rout, as worries about US bank deposit runs ebbed, and European regulators offered reassurances to holders of the riskiest bank bonds. Sector enthu...

Credit Suisse was forced to write down billions worth of bonds as part of its merger with UBS The merger between Switzerland’s two l