Fiona Huntriss, Pallas Partners. Courtesy Photo. The Credit Suisse AT1 Outrage: A Scandal or 'I Told You So'?
Fundamental questions remain unanswered as to how and why the equity remained largely intact yet the AT1s were written off.
July 16, 2023 at 03:47 PM
5 minute read
Expert Opinion
Financial markets were stunned on 19 March 2023 by the write-down of Credit Suisse Group AG's US$17 billion of AT1s, seemingly effected to deliver UBS's takeover of Credit Suisse.
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