Aaj TV English News - Business & Economy https://english.aaj.tv/ Aaj TV English en-Us Copyright 2026 Tue, 07 Apr 2026 16:59:35 +0500 Tue, 07 Apr 2026 16:59:35 +0500 60 StanChart CEO says Credit Suisse bond wipeout had profound impact https://english.aaj.tv/news/30315961/stanchart-ceo-says-credit-suisse-bond-wipeout-had-profound-impact <p><strong>HONG KONG: Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse’s $17 billion Additional Tier 1 bonds wipeout had “profound” implications for global bank regulations.</strong></p> <p>Winters was speaking at a financial forum in Hong Kong.</p> <p>As part of the deal for UBS to take over Credit Suisse, the Swiss regulator determined that Credit Suisse’s AT1 bonds with a notional value of $17 billion would be wiped out, a decision that stunned global credit markets and angered many holders.</p> <p>“The issue isn’t do the regulator’s have confidence in our solvency? It’s does the market have confidence in our liquidity?” Winters said, referring to the recent banking crisis in Europe and US .</p> HONG KONG: Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse’s $17 billion Additional Tier 1 bonds wipeout had “profound” implications for global bank regulations.

Winters was speaking at a financial forum in Hong Kong.

As part of the deal for UBS to take over Credit Suisse, the Swiss regulator determined that Credit Suisse’s AT1 bonds with a notional value of $17 billion would be wiped out, a decision that stunned global credit markets and angered many holders.

“The issue isn’t do the regulator’s have confidence in our solvency? It’s does the market have confidence in our liquidity?” Winters said, referring to the recent banking crisis in Europe and US .

]]> Business & Economy https://english.aaj.tv/news/30315961 Fri, 24 Mar 2023 11:11:15 +0500 none@none.com (Reuters) Bill Winters, Group Chief Executive of Standard Chartered, attends the Global Financial Leaders’ Investment Summit in Hong Kong, China November 2, 2022. REUTERS