Monday, March 20, 2023

What are AT1 bonds and why are Credit Suisse's now worthless?

Investors in a riskier type of Credit Suisse's bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency takeover of the bank by rival UBS.

from CNN.com - RSS Channel - US https://ift.tt/5SADbzx
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A Wildlife Regulator’s Family Business Had a Permit to Renew. She Stepped In.

Jenifer Chatfield, a top official at the Interior Department, faces scrutiny from ethics experts for actions that could help her family’s bu...