Swiss court overturns the 2023 decision that erased $17 billion in Credit Suisse AT1 bonds
A Swiss court has ripped open a case many thought was buried. The Federal Administrative Court just overturned the 2023 order that wiped out $17 billion worth of Additional Tier 1 (AT1) bonds tied to Credit Suisse, according to Bloomberg. These were the same bonds investors were told were worth zero when UBS Group AG [...]