Credit Suisse bond writedown causes Asian bank debt and share decline.

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Source: Financial Times
TL;DR Summary

Asian bank debt and shares have fallen after Credit Suisse announced a $17bn bond writedown, which has raised concerns about the exposure of Asian banks to the Swiss lender. The move has also prompted fears of a wider fallout in the banking sector, with some analysts warning that other banks may also be forced to take writedowns.

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