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Eurozone Crisis Echoes in Bank Bond Risk Eclipsing Latin America

  • Subordinated financials show most wariness since crisis days
  • Gallo at Algebris says market pricing in ‘extreme tail risk’
Updated on

A gauge of financial health is flashing a warning sign on European growth.

Investors are demanding higher premiums for the region’s riskiest bank bonds than those for Latin American lenders -- the first time that’s happened since the throes of the eurozone crisis in 2012.