Deutsche Bank: Exposure to Credit Suisse AT1 bonds 'near zero'

Kitco Media
By Reuters
Published:
Updated:
Reuters
BERLIN, March 20 (Reuters) - Deutsche Bank said on Monday its exposure to Credit Suisse's Additional Tier 1 bonds was "near zero". Credit Suisse said on Sunday that 16 billion Swiss francs($17.24 billion) of its Additional Tier 1 debt will be written down to zero on the orders of the Swiss regulator as part of its rescue merger with UBS .
(Reporting by Marta Orosz, writing by Kirsti Knolle Editing by Paul Carrel)

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