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"They have significant unfunded liabilities, like pensions and other benefits.
Some companies need to maintain substantial cash reserves to balance liabilities, like pension obligations.
Net worth represents total assets, like homes and checking accounts, minus liabilities like mortgages and credit card debt.
Liabilities like debt and deposits can't be reduced, as they represent money that the bank has promised to pay to bondholders or depositors.
It will also need to raise additional funds to cover domestic liabilities like social security, but has yet to formally schedule its next bond auctions.
Under our legislation, financial institutions would be prohibited from transferring nonbank liabilities — like derivatives, repurchase agreements and securities lending — into federally supported banks that benefit from deposit insurance.
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This is not a problem as long as those short-term liabilities behave like long-term liabilities.
Other companies with potential asbestos liability, like 3M and Georgia-Pacific, also fell.
At the back, why couldn't we have signed Alderweireld, instead of a liability like Gabriel?
Empty promises, like unpayable debts, are exercises in make-believe: you have to pretend that the liability, like that pregnant lady gesticulating in your rearview mirror, isn't real.
"Our instrument does not carry legal liability like Dodd-Frank," one EU official said, "but member states would have to nominate competent authorities to receive information and perform checks and audits [within the scheme] under the rules of the OECD process".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com