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Australia would not allow AT1 debt security holder wipe-out -minister
Stock Market

Australia would not allow AT1 debt security holder wipe-out -minister By Reuters

© Reuters. SYDNEY (Reuters) – Australian law would not allow regulators to wipe out AT1 tier credit holders while shareholders received some compensation as occurred

Social Security Administration Boosts 2022 COLA Payment By 8.7% As Inflation Pressures Surge
Finances

Social Security Administration Boosts 2022 COLA Payment By 8.7% As Inflation Pressures Surge

The U.S. Social Security Administration lifted its cost-of-living adjustment for 2023 by 8.7%, the most in more than four decades, as inflation continues to surge