Bail-ins schemes followed very unpopular bail-outs during GFC
Through the great financial crisis (GFC), taxpayers had to bail-out companies, mostly in the financial sector, without creditors ending up absorbing all losses. Indeed, even subordinated creditors of banks who requested public support weren’t touched, while they were supposed to receive a higher yield in exchange of higher risk.
Corporate hybrids to benefit from Lufthansa’s allowance to pay coupons
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