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The hierarchy of claims remains applicable in the EU… there is no way that shareholders can be paid and AT1 holders [are] paid zero, the decision taken by the Swiss authorities is really very strange.

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    Quiz

    Are you a quotes master?

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    Who said, “Hope is the power of being cheerful in circumstances that we know to be desperate.”
    A Christopher Reeve
    B C.S. Lewis
    C Desmond Tutu
    D G.K. Chesterton