Credit Suisse AT1 bondholders consider possible legal action

In Switzerland, the bonds' terms state that in a restructuring, the financial watchdog is under no obligation to adhere to the traditional capital structure hierarchy, which is how Credit Suisse AT1 bondholders lost out.

Credit Suisse AT1 bondholders consider possible legal action
In Switzerland, the bonds' terms state that in a restructuring, the financial watchdog is under no obligation to adhere to the traditional capital structure hierarchy, which is how Credit Suisse AT1 bondholders lost out.