CS AT1s CASE: The unspoken things

Dario Item/Antigua.news - Sunday, October 8th, 2023 at 10:17 PM

It is widely acknowledged that Credit Suisse has experienced several difficulties in recent times.

Since October 2022, there has been a growing lack of trust in the financial institution. However, this has not resulted in a shortage of funds or a capital deficit.

The Swiss bank announced restructuring plans in October 2022 in response to a scandal involving the Archegos fund that cost it $5 bn. To help with its recovery, it decided to increase its share capital by $4bn, with $1.5bn being contributed by the Saudi National Bank. As a result, the Saudi National Bank held a 9.9% share of CS’s capital.

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