International banking crisis: All about collapse of 167-year old Credit Suisse, SVB & AT-1 bonds
Moreover, to meet the immediate liquidity requirement the bank sold those long-dated securities at a loss of USD 1.8 billion. When depositors learned about it they queued up to withdraw the money at the earliest leading to further crisis.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
