Credit Suisse additional tier 1 bondholders are furious after UBS Group AG said it won’t need state support for its rescue deal, arguing that their wiped out notes should have been spared.
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Credit Suisse Stocks And Shares: All You Need To KnowUBS resumes selling the bonds at the heart of Credit Suisse controversyUBS expects to complete Credit Suisse acquisition as early as 12 June 2023What happens to my Credit Suisse account?They say that if the government’s backstop was unnecessary, then so too was the historic writedown of about $17 billion of Credit Suisse’s AT1 notes, according to several investors who asked not to be identified because some of them are involved in ongoing litigation against Swiss authorities.
