Page 46 - Additional Tier News Today

Overview Pallas Partners LLP ("Pallas") is building a group of holders of Credit Suisse's Additional Tier 1 Bonds ("AT1s") wiped out at the weekend as part of the Swiss government-mandated takeover

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

In what has been a turbulent time in the banking world, the collapse and subsequent buyout of Credit Suisse is likely to have far-reaching ramifications.

UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

By Pablo Mayo Cerqueiro and Chiara Elisei LONDON (Reuters) - Credit Suisse has written down its Additional Tier 1 bonds to zero as part of its takeove...

UBS Group (UBSG.S) emerged as Switzerland’s one and only global bank with a state-backed rescue of its smaller peer Credit Suisse, a risky bet that makes the Swiss economy more dependent on a single lender.

The risky bet makes the Swiss economy more dependent on a single lender

UBS Group AG is emerging as a rare winner in Credit Suisse Group AG’s crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

UBS CEO Ralph Hamers is a winner from the rapid-fire CS collapse. The losers include the Saudis, Ulrich Koerner, Michael Klein and even Swiss regulators.

LONDON/NEW YORK – Credit Suisse said 16 billion Swiss francs (S$23 billion) of its Additional Tier 1 (AT1) debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS, angering bondholders on Sunday (March 19). Finma, the Swiss regulator, said the decision would bolster the bank's capital. The move...