Credit Suisse suffers CHF 61.2bn outflows Q1 2023
Credit Suisse saw CHF 61.2bn of asset outflows in Q1 2023, which were “most acute” in the days immediately after its buyout by UBS was announced.
Source: investmentweek.co.uk
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'Year of the bond' will be bumpier than expected
A turnaround in the performance of fixed income has led to some deeming 2023 the 'year of the bond', but experts have warned the path may be bumpy
Source: investmentweek.co.uk
CoCo bonds wipe-out: What next for the $260bn AT1 market?
Finma's decision that holders of $17bn of Credit Suisse’s AT1 bonds would be wiped out has cast doubts on the future of the asset class.
Source: investmentweek.co.uk
EU regulators express disagreement over AT1 bonds wipe-out by Swiss authorities
EU regulators have expressed disagreement over the Swiss authorities’ decision to wipe out $17bn of Credit Suisse’s additional tier one (AT1) bonds.
Source: investmentweek.co.uk
Bank of England reasserts equity investors should bear losses before AT1 bondholders
The BoE has reasserted that holders of additional tier one (AT1) bonds should bear losses only after equity holders have been fully wiped out.
Source: investmentweek.co.uk