Hints and tips:
...James Chappell, analyst at Berenberg, said Barclays had produced “a very poor set of results, driven by extremely weak investment banking results”....
...Analysts expect SocGen’s crucial core tier one ratio for the end of 2013 to be around 10 per cent under incoming Basel III rules....
...Its core tier one capital ratio is 10.4 per cent under the incoming Basel III rule book, while its leverage ratio of 3.4 per cent is ahead of the new 3 per cent norm....
...Overall, the region’s banks need to shed €3.2tn in assets by 2018 to comply with Basel III regulations on capital and leverage, according to RBS....
...Investors and national regulators have in the past few months pushed banks to comply with the leverage ratio threshold far earlier than the new Basel III rulebook’s deadline of 2018....
...Almost every analyst’s report on the bank refers prominently to the lender’s perceived capital shortfall – which James Chappell at Berenberg Bank estimates to be at about €20bn....
...Mr Chappell advocates paying bonuses in debt instruments deferred for five years, which could be recouped to offset any losses in the investment bank....
...The bank has leapt up the ranks of its peers in terms of the balance sheet strength they will be able to claim under incoming Basel III bank rules....
...“The ‘all things to all people’ mantra has paralysed banks,” says Mr Chappell....
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