Value of risky additional tier one debt written down to zero in move expected to jolt markets
Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
Recent Posts
- UK government does not know what it spends on consultants, say MPs
- Trump administration’s mixed messaging sparks wild swings in oil markets
- Microsoft backs Anthropic in legal fight with the Pentagon
- US destroys 16 minelayers near Strait of Hormuz, Centcom says
- UK deploys first warship to Cyprus after scrutiny over delays
