AT1

Credit Suisse staff are making preparations to sue the Swiss financial regulator over $400mn of bonuses that were cancelled following the bank’s rescue by UBS.Thousands of senior Credit Suisse bankers have a portion of their bonuses…

There’s a growing sense that Switzerland probably didn’t have a rock-solid legal foundation to wipe out Credit Suisse’s $16bn of AT1s — at least on a narrow interpretation on the bond documentation clauses. Not everyone agrees of…

© Reuters. FILE PHOTO: A person walks past the Credit Suisse office in Canary Wharf in London, Britain, March 20, 2023. REUTERS/Hannah McKay/File Photo By Divya Rajagopal TORONTO (Reuters) -The Credit Roundtable, a lobby group of…

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“They’ve changed the law and they have basically stolen $16bn of bonds,” Davide Serra, founder and CEO of Algebris Investments, told investors on a call this morning. “This has been a big policy mistake, they will regret it.…

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Yes Bank reported a 79% dip in its consolidated December quarter net at ₹55.07 crore Yes Bank reported a 79% dip in its consolidated December quarter net at ₹55.07 crore on Saturday as provisions on legacy bad assets made it set aside…