PIMCO lost $340 million with Credit Suisse AT1 bonds write-off – source

Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS, with the American investment manager’s overall exposure to the Swiss lender running into billions, a source familiar with the situation said. Swiss authorities on Sunday decided...

https://www.hellenicshippingnews.com/pimco-lost-340-million-with-credit-suisse-at1-bonds-write-off-source/