We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

On second thought…

21 October 2008 By Pierre Briancon

The government is forcing the country s banks to take on E10.5bn worth of subordinated debt. Given that this ranks above equity and preferred stock, taxpayers are reasonably protected. But the sum is fairly modest and some banks may need to come back for more capital.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)