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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Brigitte Macron’s Slur Against Feminist Protesters Prompts an Outcry in France

Brigitte Macron used a slur to criticize protesters who had interrupted a show by a French comedian accused of rape in 2021, in a case that ...