Bondholders set for bail-in pain on Irish banks

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Bondholders set for bail-in pain on Irish banks

Bondholders’ capitulation to Anglo Irish Bank’s squeeze-out of dissident investors has laid down a marker as larger peers hurtle towards full nationalisation and bail-ins that could impose losses on senior creditors, bankers and analysts said this week. A defeated attempt to have Irish Nationwide Building Society wound up reinforced the idea.

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