BRUSSELS — European regulators distanced themselves from the Swiss decision to wipe out $17 billion of Credit Suisse’s bonds in the wake of the bank’s rescue, saying they would write down shareholders’ investments first. Dominique Laboureix, chair of the EU’s Single Resolution Board, had a clear message for investors in an exclusive interview with CNBC. “In […]
The post EU regulators distance themselves from Credit Suisse Bond writedowns appeared first on Balanced News Summary.