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Investigations by pizza lover Antiguan diplomat led to major Credit Suisse revelation

Investigations by pizza lover Antiguan diplomat led to major Credit Suisse revelation
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Credit Suisse privately disputed Swiss regulator s AT1 bonds wipe-out

Credit Suisse privately challenged the Swiss regulator’s basis for writing down $17bn of its AT1 bonds to zero.

Credit Suisse neared its cash limits days before rescue, filing shows

That day, FINMA issued an order to justify the write-down of about $17 billion of Credit Suisse's Additional Tier 1 (AT1) notes as a condition for the takeover. Investor lawsuits in Switzerland over the decision to wipe out AT1 bondholders have forced FINMA to share the documentation with claimants, people with knowledge of the case said.

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