Headline Details

Big banks face $500bn "bail in" bonds bill - S&P

Published on: Tue, 03 Feb 2015 16:24:26 UTC
News Agency: Reuters
Description:
LONDON, Feb 3 (Reuters) - The world's 30 biggest banks will have to issue more than $500 billion in bonds to comply with proposed global rules aimed at shielding taxpayers from the risk of future banking failures, credit rating agency Standard & Poor's (S&P) said on Tuesday.

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