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Pimco bets on capital bonds issued by European banks

Friday, August 21, 2015 - 05:50

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Mr Crescenzi sees many banks in Europe moving to a traditional model

Sydney

PACIFIC Investment Management Co likes bonds designed to become part of European banks' capital cushion in times of stress because it sees little risk that they'll end up being needed to shore up balance sheets.

The company, which manages about US$1.5 trillion in assets, is

sentifi.com

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