Comments on: Regulator blocks Royal Bank of Scotland payout of subordinated bonds Mon, 31 Oct 2016 15:40:16 +0000 hourly 1 By: james_c Wed, 21 Apr 2010 13:29:55 +0000 RBS can not pay coupons on Non-cumulative Preferred Securities Bonds

Can a bank accept deposit, and conduct business and at the same time not pay coupon on their issued second tier bonds?

Is there any legal laws to support RBS conduct business
without honoring the issued bonds?
The perpetual prefered securities bond with 5% interest rate coupon frozen for 2 years.
The bonds traded at 50% of value with 5% interest
And the funny things is that only frozen in
certain country, and how can that happen?