-
Remember Credit Suisse's AT-1 Bonds Fiasco? Here's Why MUFG Reportedly Delayed Issuing These Instruments
Monday, April 3, 2023 - 2:50am | 496Mitsubishi UFJ Financial Group Inc (NYSE:MUFG) has reportedly pushed the issuance of additional tier-1 (AT1) bonds to mid-May or later from its earlier timeline of late April after Swiss regulator FINMA's earlier decision to write down over $17 billion worth of Credit Suisse Group AG's (NYSE:CS) AT...
-
Credit Suisse Faces Possible Disciplinary Proceedings, Swiss Regulator Says
Sunday, March 26, 2023 - 1:36pm | 657Switzerland's Financial Market Supervisory Authority (FINMA) will probe Credit Suisse Group AG (NYSE: CS) bank and potentially take disciplinary action against the financial services firm. FINMA will probe how top managers ran the Credit Suisse bank in the lead-up to its...
-
Credit Suisse Bondholders Angry As $17B Of AT1 Debt To Be Written Down To Zero: What It Means
Sunday, March 19, 2023 - 9:02pm | 470Credit Suisse Group AG (NYSE:CS) said on Sunday 16 billion Swiss francs ($17.24 billion) of its additional tier 1 (AT1) debt, a type of bond, will be written down to zero on the orders of the Swiss regulator FINMA as part of its rescue merger with UBS Group AG (NYSE:UBS). AT1 is used to shore up a...
-
Taurus SA Raises $65M In Series B Funding Round Led By Credit Suisse, Deutsche Bank
Thursday, February 16, 2023 - 5:02pm | 450Digital asset infrastructure provider Taurus SA on Thursday announced a $65 million Series B capital raise from strategic investors, including banking giants Credit Suisse Group AG (NYSE: CS) and Deutsche Bank AG (NYSE: DB). Other institutional investors include Pictet Group and Cedar...