European Banks Dump Massive Amounts of Subordinated Debt on Investors

Banks have taken advantage of yield-chasing investors to issue $90.7bn of subordinated debt for the year to date, a 41 per cent increase compared to the same period in 2012. It is the highest such volume since the $122.4bn seen in 2008 according to Dealogic, the data provider.

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…until there is noone else left to steal from in order to stabilize their bubbles.

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