DhairyaVed
DhairyaVed OP t1_jeeyscr wrote
Reply to comment by tophaj in In Credit Suisse bank take over why were bondholder not get paid but shareholders did get paid? by DhairyaVed
so any bank can just wipe off the bond any time they are not able to pay the depositor
DhairyaVed OP t1_jef8jjl wrote
Reply to comment by frobinhood in In Credit Suisse bank take over why were bondholder not get paid but shareholders did get paid? by DhairyaVed
the logic is bond holder are always paid before shareholder