Meh, what’s a billion here or there
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RT @BondHack
Still a bit of a mystery this morning: has anything other than CS AT1 been touched?

Finma release talked about a CHF16bn AT1 write down… but FinMin statement referred to CHF17bn of “private creditors” written off.

Is there CHF1bn hit somewhere else? Or just sloppy drafting?
https://twitter.com/BondHack/status/1637720941915525120