Swiss Banking Faces First-Ever AT1 Bond Ruling After Credit Suisse Collapse
Switzerland’s financial sector faces unprecedented uncertainty following a landmark court ruling on the treatment of Credit Suisse’s Additional Tier 1 (AT1) bonds. On October 14, 2025, the Swiss Federal Administrative Court (FAC) determined that the 2023 write-down of $17 billion in Credit Suisse AT1 securities (one of the most significant applications of the post-2008 regulatory […]
