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A National Bank survey finds even 18 to 30 year olds enjoy living near a branch.
A National Bank survey finds even 18 to 30 year olds enjoy living near a branch.
(Fernando Morales/The Globe and Mail)

Bail-in risk? Canadian bank investors can’t get enough

It’s official – Canadian investors are more than happy to take the risk of being bailed in on a bank restructuring and they don’t ask to be paid much to do it.

National Bank of Canada is the second bank in a week to go to market with a preferred share issue that comes with the possibility of unlucky owners being part of a bail-in of a troubled bank. And it’s the second bank in a week to upsize its offering significantly. National Bank said Wednesday morning that it was seeking $200-million. Later in the day, the bank raised it to $350-million to meet the heightened demand.