Banking through the looking glass: a "complete write down" of the value of all the AT1 and yet at least 3bn payout to equity holders.
Probably, the end of Co-Cos?
https://www.bloomberg.com/news/articles/2023-03-19/credit-suisse-s-17-billion-of-risky-bonds-are-now-worthless?leadSource=uverify%20wall
🐦🔗: https://n.respublicae.eu/lugaricano/status/1637541275690729474
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