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Mandatory punishment

12 December 2002 By Mike Monnelly

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Mandatory punishment

12 December 2002 By Mike Monnelly

The banks issuing these securities are wounded but not basket cases. That figures. Mandatories may be less punishing than rights issues. But they are a costly way of saving face.

This content is for Subscribers only

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If you need assistance please email breakingviews.clientsupport@thomsonreuters.com
 

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