Credit investors to face losses before taxpayers under Basel proposal

money-steps-dollar — Shedding a tier: Bank investors are questioning the future of tier 2 debt

Alex Monro
28 Sep 2010

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The list of financial institutions that benefited from government bailouts during the financial crisis reads like a Who’s Who of the industry. It includes Bear Stearns and Citigroup in the US; Northern Rock and Royal Bank of Scotland in the UK; and seemingly every bank in Ireland and Iceland.

All of the above, and many more financial institutions besides, were bailed out at taxpayer expense while, by and large, holders of bonds issued by those firms avoided taking heavy haircuts on their

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]