Regulatory silence deafens amid callable capital dispute
The debate over whether Deutsche Bank should have called its lower tier two bond at the first opportunity is refusing to die down with more fuel added to the fire this week when HBOS announced that it would call an upcoming deal of its own. Investors are still in inflammatory mood but tempers could be cooled if only bank regulators would stand up and publicly support issuers.
Weeks after Deutsche Bank rocked lower tier two investors by declining to call one of its issues, some investors are still refusing to have anything to do with Deutsche Bank, as a counterparty in the new issue market or even, some claim, as an issuer.
While investors need to
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