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

Death of a taboo

5 November 2012 By Neil Unmack

Bondholders are irked that the Italian bank flouted the convention that it call subordinated debt at the first opportunity. But they must accept that banks don’t honour calls when it’s not in their interest. And as more break rank, that behaviour is becoming the new normal.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)