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CABCO Series 2004-101 Trust Gol Message Board

  • cantgthrtondirt cantgthrtondirt Dec 18, 2013 10:44 AM Flag

    Volcker rule hitting trust-preferreds?

    Zions Bancorp. Utah’s largest banking group revealed that it will take a one-time $387 million post-tax charge, based on its interpretation of the Volcker rule. Essentially, Zions believes that the Volcker rule dictates that it can no longer hold CDOs of bank and insurer-issued trust preferred securities (TruPS).

    Sentiment: Strong Sell

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