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Credit Suisse investors lose battle to insure against bond wipeout
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fnlondon.comHolders of insurance against Credit Suisse’s AT1 bonds will not receive a payout, a committee has ruled.
A panel made up of banks and asset managers has decided that the write-down by the Swiss government of $17bn of the Swiss bank's AT1 bonds does not constitute a “governmental intervention credit event” that would have triggered insurance claims.
The...
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