“Japan’s Financial Services Agency will enact new rules that will forced failed bank losses on investors, if needed, via a mechanism known as a ‘bail-in,’ according to The Nikkei. Mitsubishi UFJ (MTU), Mizuho Financial (MFG) and Sumitomo Mitsui (SMFG) are among those proposing amendments to allow them to issue the types of preferred shares or subordinated bonds that would be used in such cases, the report noted.”
http://finance.yahoo.com/news/japan-adopt-bail-ins-force-181947896.html
Related posts:
U.S. FATCA tax law catches unsuspecting Canadians in its crosshairs
Russia diverts pension savings to plug budget hole for second year
Bank data of 20 million customers leaked in South Korea
Greek protesters lob petrol bombs in Athens during Obama visit
Sarasota officer fired in wake of beating video
ATM of the future: No cards, no buttons
Del. hospital doctor busted for selling illegal drugs for Bitcoins
Freddie Gray dies one week after Baltimore arrest for nothing
Seven killed, hundreds injured in new round of dueling protests in Egypt
John Paulson holds onto gold ETF; Soros buys gold mining shares
Julius Bär bank clients now targeted in US tax probe
Pentagon linked to Iraqi torture centers by Central American ‘dirty war’ veteran
Central Bankers Admit They Are Flying Blind
Denver unemployment sharply lower after marijuana legalization
Edward Snowden, NSA whistleblower: 'I do not expect to see home again'