Credit Suisse takeover not a bankruptcy event, claims CDS panelNews India (All States)

The Swiss bank in March was taken over by UBS in a state-assisted deal that wiped out Credit Suisse's $17 billion Additional Tier 1 (AT1) bondholders

source https://www.livemint.com/news/world/credit-suisse-takeover-not-a-bankruptcy-event-claims-cds-panel-11684774897304.html