Sentence examples for cut assets from inspiring English sources
JPMorgan cut assets last year to avoid a capital surcharge.
NEW YORK TIMES Societe Generale Says it Will Speed Up Plan to Cut Assets | Societe Generale has promised to slash overhead at a faster rate, weighing major asset sales that will allow the French lender to buoy its capital reserves.
If regulators said the bank had to hit a 10 percent capital ratio, it could simply cut assets to $80 billion rather than increase the dollar amount of capital from $8 billion.
A bank spokesman on Monday referred to a statement this month by Stefan Krause, Deutsche Bank's chief financial officer, in which he said that the German lender was in a position to cut assets if it had to in the face of increasingly aggressive regulators.
The Fed would thus cut asset purchases by about $15 billion to $70 billion, particularly if Friday's non-farm payrolls remain consistent with the recent trend, and come in around the consensus number of about 180,000.
Mr. Albanese embarked on a cost-cutting program last year that included job cuts, asset sales and the reduction of capital investments.
LONDON – Job cuts, asset sales and other cost reductions paid off for the British bank HSBC as it posted first-quarter earnings on Tuesday that beat analysts' expectations.
In the mid-2000s Mr Johnson tussled with activist shareholder Nelson Peltz, who demanded cost cuts, asset sales and seats on the board.
As recently as July, G.M. said it had a plan to bolster its liquidity by $15 billion through cost cuts, asset sales, and new borrowing.
MBNA, the credit card company, said yesterday that job cuts, asset sales and contract terminations would result in $785 million of pretax costs, more than double its previous forecast.
