Matt Levine, Columnist

Banks Get Creative With Capital Relief

With a little rearrangement it looks as if taxpayers aren't at risk.

May 25, 2018 at 6:00 AM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

This is what the creativity is for.
Photographer: Jasper Juinen

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This post originally appeared in Money Stuff.

The basic problem in modern banking is, if a bank loses money, whose money does it lose? Who is on the hook for a bank’s losses? I can think of at least six options: