EU draft plan eyes new bank creditor class to bear losses

``European banks would be able to issue a new category of debt that could be wiped out in a crisis only after shares and bonds, but before more secured instruments, such as covered deposits, under a draft EU law seen by Reuters on Tuesday... The draft law, to be published by the European Commission on Wednesday, would create a new category of "non-preferred" debt instruments that would be bailed-in -- suffer losses -- only during a bank resolution, the draft text said.''