global banking
Explainer: What are AT1 bonds and why are Credit Suisse's wiped out?
Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS (UBSG.S).
China gives currency largest boost in a decade
China raised the central rate for its yuan currency by the largest amount in a decade on Monday, officials and reports said.
March 25, 2023
Explainer: What are AT1 bonds and why are Credit Suisse's wiped out?
Financial markets have been thrown a fresh curve ball by the decision to write down 16 billion Swiss francs ($17.5 billion) of Credit Suisse bonds, known as Additional Tier 1 or AT1 debt, to zero as part of a forced rescue merger with UBS (UBSG.S).
November 2, 2015
China gives currency largest boost in a decade
China raised the central rate for its yuan currency by the largest amount in a decade on Monday, officials and reports said.
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