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Bail-in — Europe is just the beginning

By Gerald Hayes
10 Jan 2014

If investors were in any doubt as to the willingness of politicians to make them, rather than taxpayers, shoulder the burden when banks fail, they will have been convinced by the events of 2013. It was the year we were reminded why subordinated debt has that name. 2014 may be the year that senior debt becomes a bit less superior. Will Caiger-Smith reports.

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By Gerald Hayes
10 Jan 2014