SINGAPORE – Singapore banks have not been spared from the fallout of Credit Suisse’s takeover by UBS, with their Additional Tier 1 (AT1) bonds seeing more volatility since news of the deal.
AT1 bonds form part of banks’ capital adequacy requirements. Despite the recent volatility, the three local lenders are still well placed to shore up their capital if the need arises, experts said.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
