Credit Brief: Credit Suisse CDS Battle; Bankruptcy Gone Bad

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• Hedge funds are betting the wipeout of Credit Suisse AT1s will trigger payments on credit derivatives, but some banks say they’re wrong;
• Repeat bankruptcies are piling up as the reorganization process fails;
• Why Europe’s $300 billion collateralized loan obligation market is grinding to a halt.

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To contact the reporters on this story:
Taryana Odayar in New York at todayar1@bloomberg.net;
Michael Tobin in New York at mtobin37@bloomberg.net

To contact the editors responsible for this story:
Nina Trentmann at ntrentmannma@bloomberg.net ...