Bail In, Bail Out - What's the Difference?
- Author
- Victor Menasce
- Published
- Wed 26 Sep 2018
- Episode Link
- https://podcasters.spotify.com/pod/show/victorjm/episodes/Bail-In--Bail-Out---Whats-the-Difference-e29rjr
Last year we saw the first test of Europe's new bank bailout system in which Santander acquired Banco Popular for just 1 Euro. Last week, The Royal Bank of Canada announced the first of a new security called a "Bail-In Bond". This bond can be converted in shareholder equity if the bank runs into trouble. What does this all mean?
