An analysis by the central bank in February showed that the amount of unguaranteed, unsecured senior debt in Irish banks totalled €16.4 billion; imposing a 50% haircut, say, on that debt would have a material impact on the banks' capital hole.
Rating agencies have drawn up unflattering grades for their unguaranteed debt.
Even JPMorgan Chase, seen as America's strongest bank, paid a big premium over government interest rates when it issued unguaranteed debt on April 16th.
Or they could split themselves into two parts: a guaranteed bit for public-remit business and an unguaranteed one for commercial banking.Another option would be for the Landesbanks to merge with clusters of their savings banks.
Lloyds issued an unguaranteed and unsecured ten-year bond on September 3rd at 193 basis points above government yields, about double what the safest British bank, HSBC, might pay.
But even a compromise deal proved unaffordable unless it slimmed the unguaranteed future pensions of other savers.It did so, and they are sore.
According to Haslem, who shared the story with the South Florida Sun Sentinel, Lin asked, "Can you pray I don't get cut?" The date for teams to cut players with unguaranteed contracts was two weeks away at the time.
However, players would be given the ability to opt out of the final year of any contract in which the final year is pre-negotiated to be unguaranteed.
We actually had a pretty good understanding of bank runs; we just failed to notice that traditional banks were a much smaller share of the system than before, and that unregulated, unguaranteed shadow banks had become so important.
only technically, as they ride out unguaranteed contracts on the bench or on lengthy assignment in the D-League before drifting to the N.B.A.'s fringes.
