Financial Services Financial Services

Comment: Fight looms over who pays in bank crises after $17 billion Credit Suisse writedown

By Fiona Maxwell
  • 20 Mar 2023 11:44
  • 20 Mar 2023 11:44
A fight over who pays when a bank falls into difficulty is likely to ensue after Credit Suisse’s takeover by UBS resulted in a surprise writedown of $17 billion for bondholders.
The announcement yesterday by Swiss authorities that UBS would buy its ailing domestic rival for a bit over $3

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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