Credit Suisse & Yes Bank write-offs: AT-1 or Contingent Convertible bonds explained

In a bid to protect the financial system, Swiss regulator FINMA has written off $17 billion of additional tier one, or AT1, Contingent Convertible (CoCo) bonds of Credit Suisse. This has triggered investor anxiety. In this video, we will dive deeper into the world of AT-1 bonds, their purpose, and the implications