The Swiss bank was forced to revalue to mismarked securities and take a $2.85 billion write-down.
Were it to have retained the German mark it would have been forced to revalue by now.
See article The autumn of our discontentIn this section Politics this week Business this week KAL's cartoon ReprintsInvestors remained perturbed about the health of European banks, as Josef Ackermann, the chief executive of Deutsche Bank, gave warning that "numerous" lenders would collapse if they were forced to revalue the sovereign debt they hold at current market values.
We may yet be forced to reshape work and, in the process, revalue what is among the most precious of all commodities – our free time.
Concerning the banks, Mr. Rajoy said a "second wave" of consolidation was needed to clean up a sector that will also be forced by his government to sell finished property and revalue illiquid assets more conservatively.
China, which has been invited to the G7 meeting, is likely to be cast as the villain and to come under renewed pressure to revalue its currency.
Customarily, an auditor would be hired to revalue the franchise to determine the basis for negotiations over a price.
The tax base is impossible to revalue.
If he is going to revalue the capital account, he should revalue his performance fees".
Investors worried that China might buy less debt from the United States if it was pushed to revalue the yuan.
