Ron Burgundy Posted March 25, 2013 Share Posted March 25, 2013 BRUSSELS (Reuters) - Senior bondholders in the Cyprus's Laiki Bank will be wiped out because the bank will be wound down, while senior bondholders in the Bank of Cyprus will also contribute to the recapitalization of the banks, euro zone officials said. "Laiki bank will have to be resolved... so yes, senior bond holders, along with the others, will be wiped out there," the chairman of euro zone finance ministers, Jeroen Dijsselbloem, told a news conference. ... View the full article Quote Link to comment Share on other sites More sharing options...
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