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The warning by the Standard & Poor's agency came amid fresh estimates of the regulatory costs facing the European banking industry, which could leave a $104bn bill for a catalogue of errors ranging from tax evasion and mis-sold financial products to manipulation of financial markets.
In a document published alongside the budget, UK Financial Investments, the body which looks after the taxpayer's stakes in the bailed-out banks, produced fresh estimates for the break-even point on Lloyds, cutting the share price from 73.6p to 63.2p.
Fresh estimates are given more importance than older ones.
These estimates were used in a new cycle to redraw Δ and thus derive fresh estimates Δ ^ 1. Steps 2 and 3 formed an iterative cycle that continued until there was no further change in the estimates.
However, it is now possible to find "fresh" estimates of the types, frequency, and duration of human contacts either from a recent survey at the continental level [ 72] or from a model that derives synthetic contact information at the country level [ 73].
Similar(55)
The Food and Agriculture Organization of the United Nations estimated the number of hungry people at 925 million last year, and the number is expected to be higher when a fresh estimate is completed this year.
The ministry did not provide a fresh estimate for the country's unemployment rate.
This paper presents some new findings concerning their disposition across UK and non-UK companies, and provides a fresh estimate of the proportions of UK officers working at sea.
But the new estimates raise fresh concerns over the reliability of the sector as a cash cow.
The new estimate throws fresh doubt on a controversial study led by researchers at Johns Hopkins University in Baltimore, Maryland, published in The Lancet in 2006, that estimated a death toll four times higher (Science, 20 October 2006, p. 396).
The results of allometric equation only provide fresh biomass estimates.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com