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Even as commonly understood, the banking predicament is frightening.
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The bank's predicament has been made worse by its acquisition of parts of ABN, the Dutch bank, at the top of the market last summer.
The central bank's predicament has several repercussions.
He compared the central bank's predicament to the one it faced during the mid nineteen-thirties, when it raised rates only to do an about-turn as the economy fell into another slump.
It would not be easy to explain the central bank's predicament to its shareholders, who include the Swiss cantons, or to unsympathetic political parties, such as the Swiss People's Party which has already sponsored an unsuccessful referendum to force the SNB to hold at least a fifth of its assets in gold.But although insolvency is humbling for a central bank, it is far from crippling.
There is no standard percentage people in your predicament should bank on.
The company said it had entered into "constructive discussions" with its lending banks over its financial predicament to provide "financial stability in the medium term".
Pirc added: "In view of the fact that Barclays' shares are trading far below net asset value, we cannot think of any circumstances in which a chief executive who was part of a team when the bank got into that predicament should be receiving any bonus at all, indeed the board should also be considering claw backs itself".
The predicament of local banks could be addressed through recapitalisation via international funds, the exposures of European banks by private equity-raising.
Some deputies believed the bank should disclose Merrill's predicament before the shareholder vote anyway.
As for the crackup in complex mortgage-backed securities, now at the center of the debt predicament, the global bank UBS has justly called it "the biggest failure of ratings and risk management ever".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com