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The Fed, Banks, and Credit Suisse

Bloomberg Intelligence

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What Is an AT1 Bond and Why Do I Care About It?

An AT1 bond is an instrument that's used by banks for regulatory capital purposes. They are the most junior type of bonds and sit just above common equities, or just above the shareholders. An investor could lose all of it if a certain trigger is set in motion - so they're going to not show other key features here.

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