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Correction: December 4 , 2001 Tuesday A chart in Business Day on Friday with articles about the plight of the Enron Corporation, listing the biggest previous corporate bankruptcies, referred imprecisely to the asset sizes of the companies shown.
Empirical results show that banks with relatively large asset sizes, low net interest margins, high impaired loan ratios, and high cost-income ratios tend to exhibit higher non-interest income shares.
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Fees are based upon asset size.
"We are focused on strong performance for our shareholders, not asset size".
"How quickly are they going to be able to reach that asset size?" Mr. Ely asked.
Wachovia, with assets of $411 billion, has been an aggressive acquirer in recent years and ranks as the country's fourth-largest bank by asset size.
While funds with large asset bases should be approached with caution, there is no science to picking the maximum asset size of a small-cap fund, Mr. Edwards said.
"We're confident the fund's manager is cognizant of asset size and will not let it hinder performance," he said.
Britain's HSBC, similar in asset size, boasted a return on assets of 1.62%.Even these official statistics grossly overstate the banks' profitability.
In terms of asset size, the Ecology – with £86m of assets at the end of 2008 – is only the 49th largest building society out of 52.
Instead of using financial information such as leverage and asset size, which may not be publicly available, the paper relies on econometric techniques to tease out systemic risk.
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