Dividend ban leaves AT1 holders feeling safer

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Dividend ban leaves AT1 holders feeling safer

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01 April 2020, Saxony, Dresden: A customer (r) pays a trader with disposable gloves at a weekly market with a 5 Euro note. From April 1, 2020, mobile sales stands for food, flowers and plants in Saxony will be able to reopen after a temporary closure in connection with measures against the spread of the coronavirus. Photo: Sebastian Kahnert/dpa-Zentralbild/dpa | Sebastian Kahnert/DPA/PA Images

Additional tier one investors breathed a sigh of relief after regulators outlawed dividend payments this week. They argued the move made it more likely they would carry on getting the coupons on their instruments.

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