Credit Suisse Bond-Wipeout Threatens $250 Billion Market
5 min read
20 Mar 2023, 11:04 PM IST
Deal would write down more than $17 billion of the bank’s riskiest bonds
PremiumCredit Suisse Group AG’s emergency merger with UBS Group AG will wipe out the bank’s riskiest bonds, rattling investors in the quarter-trillion-dollar market for similar bank debt.
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