a bail-in restructures the bank’s liabilities internally which includes taking the money you have on deposit and in savings accounts, as these form part of the bank’s liabilities, and converting them from cash you can use into something else, e.g. shares in the bank

Let me guess: We get Ordinary Shares and the bankers get Preferred Shares so when it comes to the final money distribution … we effectively get nothing.

a bail-in restructures the bank’s liabilities internally which includes taking the money you have on deposit and in savings accounts, as these form part of the bank’s liabilities, and converting them from cash you can use into something else, e.g. shares in the bank

Let me guess: We get Ordinary Shares and the bankers get Preferred Shares so when it comes to the final money distribution … we effectively get nothing.