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Text size [+][-]  Wednesday March 17 2010GLOBAL EDITION

Considered view
03 Nov 2009 16:15

Rainy-day money

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The UK bank plans to swap hybrid bonds for a security convertible into equity when times get tough. Meanwhile, RBS has got rainy-day capital from the state. Regulators will be happy that contingent capital is now a reality. Investors will be wary, but may have to join in.

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More stories by:  Nicholas Paisner






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