Read more at: http://www.irishtimes.com/newspaper/finance/2011/0601/1224298206459.html
Tuesday, May 31, 2011
State forces bondholders to share in bank losses
BANK OF Ireland, Irish Life & Permanent and EBS have joined AIB in announcing plans to impose losses of as much as 90 per cent on junior bondholders. Minister for Finance Michael Noonan said the move to “burn†the junior, or subordinated, ...
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