Sign up for The Daily Upside using this link: https://bit.ly/3LWKfZx

After a weekend of intense negotiations, Swiss authorities brokered an emergency deal to sell Credit Suisse the troubled 167yearold investment bank to its Swiss rival, UBS. A $54bil lifeline from the Swiss National Bank last week failed to stem the crisis facing Credit Suisse following Silicon Valley Bank’s collapse: its share price collapsed and the flight of deposits accelerated. The deal has prevented a globally important bank from failing.

Under the terms of the deal, Credit Suisse’s additional tier 1 (AT1) bonds were written down to zero while shareholders received $3.25bn. In today's video we discuss whether that is fair and who owned those bonds.

Patrick's Books:
Statistics For The Trading Floor: https://amzn.to/3eerLA0
Derivatives For The Trading Floor: https://amzn.to/3cjsyPF
Corporate Finance: https://amzn.to/3fn3rvC

Patreon Page:   / patrickboyleonfinance  

Visit our website: www.onfinance.org
Follow Patrick on Twitter Here:   / patrickeboyle  

Patrick Boyle On Finance Podcast:
Spotify: https://open.spotify.com/show/7uhrWlD...
Apple: https://podcasts.apple.com/us/podcast...
Google Podcasts: https://tinyurl.com/62862nve

Join this channel to support making this content:
   / @pboyle