Investors wiped out by Yes Bank AT-1 write-off; Retired lose life’s savings

Yes Bank on Saturday had said that it has written down Rs 8,415 crore of the Rs 8,690-crore AT-1 bonds issued. The bank has said that since the third quarter losses had turned it unviable or approaching unviability, the bonds were written down.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2UaSGUu