Well Fancy That


“Spanish policy makers are considering forcing investors who hold equity and junior debt in banks to absorb losses in a restructuring, according to a person with knowledge of the plan. Such burden sharing is among conditions being negotiated with the European Union in a 100 billion-euro ($126 billion) rescue for Spain’s financial industry.”


Spain Said to Weigh Imposing Losses on Junior Bank Bondholders (Bloomberg)

Thanks D Rodgers