Bonded in Dispute: Credit Suisse AT-1 Fallout Sparks Legal Heat for HDFC Bank

A banking scandal of high stakes is unfolding as angry investors of Credit Suisse's Additional Tier-1 (AT-1) bonds have complained to the Economic Offences Wing (EOW) in Nagpur about mis-selling by HDFC Bank employees. The bonds, sold in 2021, were written down to zero in 2023 after the acquisition of Credit Suisse by UBS, and have unleashed a deluge of complaints and regulatory heat.

 

Investor Claims

Legal and Regulatory Developments

Financial Impacts

Sources: Moneycontrol, NDTV Profit, Financial Express, Outlook Business.