The AT1 jig may be up
Well written! Another point which you implicitly referred to - the shareholder vote concern. Apparently the original 0.25 francs/share for CS equity got a soft rejection by the board ahead of an actual vote. https://on.ft.com/3ZBbA6H https://www.bloomberg.com/news/articles/2023-03-19/credit-suisse-said-to-push-back-against-ubs-s-1-billion-offer
Well written! Another point which you implicitly referred to - the shareholder vote concern. Apparently the original 0.25 francs/share for CS equity got a soft rejection by the board ahead of an actual vote. https://on.ft.com/3ZBbA6H https://www.bloomberg.com/news/articles/2023-03-19/credit-suisse-said-to-push-back-against-ubs-s-1-billion-offer