CaixaBank tier two corker could spark capital grab

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CaixaBank tier two corker could spark capital grab

The rapturous reception given to CaixaBank's tier two deal this week — the first publicly sold tier two benchmark from a Spanish borrower since before the financial crisis — has bankers urging banks in Europe’s periphery to strike while the iron is hot and stock up on much needed capital, writes Will Caiger-Smith.

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