Financial markets have been thrown a curve ball by the end of Credit Suisse’s 166-Year Run and a write-down of the Swiss bank's additional tier 1 or AT1 bonds.
Fixed Income Analyst Wong Di Ming gave a brief summary on what happened and explained that things were already not looking too well for Credit Suisse prior to the incident (banking crisis) itself.
Di Ming also dived in on banks’ capital structure, with a focus on AT1 bonds. If you have ever wondered what are the differences between AT1 and contingent convertibles or ‘Cocos’, get your queries answered in this episode!
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