Europe Not Impressed By Bank Merger
And for the most unsurprising news of the day, the holders of Credit Suisse AT1 bonds are miffed that they got wiped out while the stockholders did not.
https://archive.md/EUlE5
Normally bondholders come ahead of stockholders.
With a mouse click the Swiss regulator FinMa managed to throw shade on the entire $275 Billion market in AT1 bonds.
And they wonder why these shotgun weddings don't solve anything.
Yikes, just yikes.
Well, That Didn't Take Long
And for the most unsurprising news of the day, the holders of Credit Suisse AT1 bonds are miffed that they got wiped out while the stockholders did not.
https://archive.md/EUlE5
Normally bondholders come ahead of stockholders.
With a mouse click the Swiss regulator FinMa managed to throw shade on the entire $275 Billion market in AT1 bonds.
And they wonder why these shotgun weddings don't solve anything.
Yikes, just yikes.