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BRIEF-Fitch says non-preferred senior will aid EU bank resolution
November 9, 2017 / 11:15 AM / a month ago

BRIEF-Fitch says non-preferred senior will aid EU bank resolution

Nov 9 (Reuters) -

* Fitch says EU’s recent deal to introduce new debt class, non-preferred senior, is important step towards clarity on how troubled EU banks will be resolved‍​

* ‍Fitch says non-preferred senior debt will help shield preferred senior obligations from default in a resolution​ Source text [bit.ly/2hnmaiA]

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