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HDFC Bank Acts on AT-1 Bond Mis-selling
Summary by India Daily Mail
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HDFC Bank Acts on AT-1 Bond Mis-selling
HDFC Bank Executives Face Action Over Credit Suisse Bond Mis-selling Mumbai – HDFC Bank has reportedly taken disciplinary action against 15 executives concerning the alleged mis-selling of Credit Suisse Additional Tier-1 (AT-1) bonds. Allegations: Investors claim HDFC Bank may have offloaded Credit Suisse AT-1 bonds to them after realizing Credit Suisse’s financial difficulties in 2020. Write-off: The bonds were written off during UBS’s acquisi…
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