Gap between the haves and have-nots widens as EC puts stop to RBS’s Tier 2 calls
The gap between banks able to pay coupons on hybrid tier one and call subordinated debt and those unable to do so widened further last Friday when Royal Bank of Scotland said it would not be calling four subordinated issues at the request of the UK’s Financial Services Authority, following discussions with the European Commission.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts