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Its a strange thing, says Fredriksen. If you build today you have the lowest capital cost and the lowest operating cost. To capitalize Frontline 2012, Fredriksen in mid-December raised $285 million in a private placement and co-invested with outsiders dollar-for-dollar.
This scenario includes high levels of ambition for reducing demand and creating interconnection with Europe, and the lowest capital costs.
Morgan Stanley and JPMorgan Chase also produced some of the lowest capital results among large Wall Street firms.
The IMF points out that it was the top five American banks, with the biggest assets, which also had the lowest capital ratios.
The ratings agency Standard & Poor's warned in November that Japan's lenders had some of the lowest capital ratios among major global banks.
A weekend report in The Sunday Times of London said the bank, which has one of the lowest capital ratios among European lenders, would place some shares with sovereign wealth funds, possibly at a premium to the current market price.
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The report called low capital investment a particular concern.
Japanese banks have had low capital ratios for years.
British businesses are notorious for low capital investment, and infrastructure appears to have especially suffered.
Memo to Mr. McCain: 401(k) savers get no benefit from a low capital gains rate.
A big part of this is because low capital per worker means low output per worker.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com