Credit Suisse

Credit Suisse

Credit Suisse AT1 Bondholders have instructed a law firm after $17bn of Credit Suisse AT1 bonds were wiped out following the bank's rescue by UBS. This news has caused concern among investors and the financial community, as it raises questions about the stability of the banking sector.

Credit Suisse is a well-known Swiss multinational investment bank and financial services company. It offers a range of services including private banking, investment banking, and asset management. The bank has faced several challenges in recent years, including legal disputes and regulatory fines.

This latest news is likely to have an impact on the bank's reputation and share price. It remains to be seen how Credit Suisse will respond to the situation and what measures it will take to address the concerns of its investors.