Who is running Australia...?
- Turnbull forced to call banking royal commission, but why is APRA off limits?
- The real issue in the Dastyari affair is ASIO, not China
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Hybrid securities (including subordinated notes, capital notes and convertible preference shares) are one way for banks and companies to borrow money from investors, while paying interest in return. They are offered by household names and blend some of the features of debt and equity (shares).
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