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"On a tangible common equity basis, we are fine.
Basel 3 requires a 7% common equity ratio.
But it is not a substitute for common equity.
We had previously estimated a £15bn-20bn deficit in tangible common equity.
To outsiders, the switch in language from "tangible common equity" to "Tier 1 capital" signified nothing.
Our tangible common equity for GE Capital is higher than any of the big banks".
"It has too much debt and not enough tangible common equity".
After all, the bank did raise $21.2 billion issuing common equity as the financial crisis unfolded.
He thinks regulators will require banks to hold tangible common equity of 6percentt of assets.
The simplest way to bolster this is to convert state preference shares into common equity.
"Their common equity remains below peer averages," said Mr. Hagerman, the analyst.
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CEO of Professional Science Editing for Scientists @ prosciediting.com