BRUSSELS: Depositors and senior debt holders would be shielded from losses in any bank restructurings ordered by the European Commission, a senior Commission official said on Friday, the latest attempt to reassure savers that they would not be hit by bank problems.
Gert-Jan Koopman, deputy director-general for state aid at the EU executive body, said shareholders and junior debt holders would bear the burden under updated state aid rules that are set to come into force in August.
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