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Riskiest bank debt yields average of 8.2%

Tighter rules imposed by regulators to make banks safer paying off

London

REGULATORS' efforts to make banks safer are paying off for investors who prefer to live a little dangerously.

Buyers of bank debt that would be written off first in a crisis earned an average of 8.2 per cent this year, according to Bank of America Merrill Lynch's contingent-