Credit Suisse AT1s take a beating after Archegos collapse

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Credit Suisse AT1s take a beating after Archegos collapse

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HR5BTB The logo of the Credit Suisse bank is written on the window of the bank in Bel-air Square in Geneva, Switzerland. | Alamy Stock Photo

Subordinated debt investors are scrambling to understand what the collapse of US hedge fund Archegos will mean for Credit Suisse. A heavy loss would undermine the bank’s capital cushion, which protects its additional tier one coupons.

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