The Bail-In of Credit Suisse CoCos: Why Principal Write-Down Made Sense
Reynolds Holding
MAY 11, 2023
According to the 2022 CS Annual Report , the book value per share was 11.45 This means that, compared with the account value of 2022, CS shareholders lost more than 42 billion CHF. Accounting values are clearly imperfect, but they are the metric that matters for determining bank insolvency. Swiss francs (CHF) per share.
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