Credit score Suisse rescue plan might embody nationalization, bondholder losses

A rescue plan for Swiss banking large Credit score Suisse might impose losses on its bondholders and even lead to a full or partial nationalization of Credit score Suisse Group AG, a number of studies revealed on March 19.

Swiss authorities are contemplating making use of losses to Credit score Suisse bondholders as a part of the financial institution’s ongoing restoration efforts, Reuters discovered from two sources. European regulators are involved that the transfer would possibly undermine investor confidence in Europe’s monetary sector.

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