No haircuts for senior bondholders at banks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm SENIOR bondholders in Irish banks escaped the bailout without taking a hit yesterday.Finance minister Brian Lenihan said the government needs to impose “big haircuts” on junior bondholders but said there was no appetite for forcing losses onto senior holders. European finance ministers decided, as expected, that imposing haircuts would have a detrimental effect on markets.German Chancellor Angela Merkel has been pushing for investors who gain from exposure to banks to take a share in the risk if they run into trouble.Irish Prime Minister Brian Cowen said: “In relation to the question of senior bondholders, there is no agreement from the European Union for [shifting losses] because of the impact we believe it would have in relation the stability of the entire financial system itself and the impact it would have across European banking generally.”Ireland said two years ago senior bondholders would not take a hit if banks ran into trouble. Sunday 28 November 2010 9:23 pm whatsapp No haircuts for senior bondholders at banks whatsappcenter_img KCS-content Share Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Tags: NULLlast_img read more