France Comes up with a Real Jewel to Prop up its 4 TBTF Banks

To cover a capital shortfall of €50 billion. TBTF banks in Europe are facing regulatory pressure to issue increasingly more so-called “bail-in-able” debt. Investors don’t like this kind of debt and demand higher yields. So this debt is expensive for banks. But as the pressure rises, we are likely to see a surge in issuance… Read More France Comes up with a Real Jewel to Prop up its 4 TBTF Banks