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Throughout its core lending businesses, JPMorgan showed signs of strength.
The U.S. Bancorp acquisition allows Firstar to diversify away from its core lending business.
Of the £970m, £288m were from the core lending book and £682m from the non-core book.
Separating these operations, regulators believed, would also protect a bank's core lending and deposit-taking businesses from risky trading by nonfinancial units.
"Just like other banks, MUFG faces a difficult situation at its core lending business," said Ryoji Yoshizawa, director at Standard & Poor's Ratings Japan.
He added that commercial property, the bank's core lending market, which is already down 60 percent, had not yet reached bottom.
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Tootell set out two reasons for the £1.5bn capital shortfall – the bill for compensating customers for payment protection insurance (PPI) and the losses in its non-core lending, largely stemming from the Britannia acquisition in 2009.
The banks under their new owners seem reluctant to go about their core business: lending money.
At the same time, Bank of America's core consumer lending units suffered greater losses as the economy weakened.
The banks still failed to make money in their core business, lending, and that led many analysts to question the true state of the industry's health.
CIT's manufactured housing loan portfolio has lagged the returns generated by CIT's core commercial lending activities, said Harriet Baldwin, an analyst at Deutsche Banc Alex. Brown.
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