As pointed out a totally avoidable problem. Glad Fed backstopped. Also dont like calling this a bailout - it's not.
Shareholders are lowest in the totempole. They get zero. Debt and deposits take priority
It depends. A larger bank may not be allowed to do so if they are a g-sib.
As pointed out a totally avoidable problem. Glad Fed backstopped. Also dont like calling this a bailout - it's not.
Shareholders are lowest in the totempole. They get zero. Debt and deposits take priority
It depends. A larger bank may not be allowed to do so if they are a g-sib.