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Differences Between US and UK Bank Recapitalizations

Posted by FtblGuy 1214 days ago, popular 1214 days ago (http://www.marketwatch.com)
Category: Economy | Tags: bailout bank recapitalization banks
In both cases, governments are issuing preferred stock. Sure, the terms are different -- taking on the Brit preferred incurs a steep 12%-a-year payout; Uncle Sam wants 5% a year, unless the holding is still on the books after five years. But the real difference is to who it applies.
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