Bail In, Bail Out - What's the Difference?
Last year we saw the first test of Europe's new bank bailout system in which Santander acquired Banco Popular for just 1 Euro. Last week, The Royal Bank of Canada announced the first of a new security called a "Bail-In Bond". This bond can be converted in shareholder equity if the bank runs into trouble. What does this all mean?
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This episode was published on September 26, 2018.
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