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Tag Archives: Co-Operative Bank
BAIL-IN OF WESTERN BANKING SYSTEM OFFICIALLY BEGINS AS UK’S CO-OPERATIVE BANK TO BAIL-IN £1.5BN WITH 100% LOSSES!
The bail-in of the western banking system has officially begun, as the UK’s Co-Operative Bank is seeking a £1.5bn bail-in recapitalization with junior bond holders and investors (including pension funds) facing a complete-100% wipe-out on £370m of permanent interest bearing shares (PIBS) … Continue reading