The details of UBS’ (NYSE: UBS) hastily arranged March 19 acquisition of Credit Suisse (NYSE: CS) could introduce even more unwanted uncertainty into the international banking system. The Swiss financial regulator Finma, which arranged the deal, called for the complete write-off of US$17 billion of Credit Suisse’s additional tier 1 (AT1) bonds.  At the same time, … Continue reading Credit Suisse: Bondholders Left Empty-Handed While Equity Holders Get Paid