Page 49 - Additional Tier News Today

From UBS itself to Credit Suisse's AT1 bondholders, here are the main winners and losers from the biggest story in markets right now.

By John O'Donnell and Stefania Spezzati LONDON (Reuters) -UBS Group has emerged as Switzerland’s one and only global bank with a state-backed rescue of

AT1 write-downs have taken place in several countries, including Spain, Greece, Austria and Denmark. PROSPECTUS WAS CLEAR Deutsche Bank analysts said in a note: "We think this is quite negative for AT1 and broader TLAC securities worldwide as it highlighted the inherent risks present in these instruments." John Likos, director at BondAdviser, a debt research house and asset manager, said Australian AT1s contain provisions that would make it very difficult for local regulators to engi...

Concerns around the global banking sector appear to be driving investors toward cryptocurrencies right now.

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

Banking stocks and bonds plummeted on Monday as the hit to investors from UBS Group's state-backed takeover of Credit Suisse fanned concerns about the health of

Latest news on AT1 bonds, also known as Additional Tier 1 bonds, a type of bond that is issued by banks to raise capital

Credit Suisse’s additional tier one bonds are set to be wiped out following the struggling bank’s takeover by UBS.

Credit Suisse’s investors ‘AT 1’ notes will not have it easy, likely to lose Dh63 billion

As part of the merger, all shareholders of Credit Suisse will get 1 equity share in UBS for their 22.48 shares in Credit Suisse. This exchange ratio reflects a merger consideration of CHF 3 billion for all shares in Credit Suisse. Colm Kelleher will be Chairman and Ralph Hamers will be Group CEO of the combined entity.