Credit Suisse - What's Your Reading of the Detail of This Deal?

Timothy Stanley: Shareholders looking to have fared better than the riskiest bondholders in Credit Suisse? Is this a deal that's full of contradictions? He says AT1 holders, bearing worse, certainly goes into the technical aspects of what this class means. Stanley: I'm still in the camp with not seeing this as a cockroach theory where we're going to see all sorts of other liquidity issues and similar situations.