Which of the following statements are correct in relation to a Bail-in of a failing bank?

I. Existing shareholders might be totally wiped out as the bank writes its assets down. II. Bank customers such as depositors are unaffected. III. Unsecured bank liabilities may be written down or converted into equity to maintain the bank as going concern.

A. None of the statements B. Both II and III are true. C. All of the statements are true. D. Both I and III are true. E. Both I and II are true.