Exact(4)
That leaves plenty of scope for decline: the low was around 30%.On several measures, bank shares still look unattractive.
By all accounts, banking supervisors elsewhere are ignoring Ms Bair's lead because they recognise the perversity of the leverage ratio, which simply measures bank capital as a percentage of total bank assets unadjusted for risk.
What's more, by some measures bank balance sheets are in worse shape today than they were at the height of the financial crisis.
In the U.S., gross domestic product figures showed an unrevised 0.5% slide, further evidence that global stimulus measures, bank bailouts and interest rates heading for zero may not prevent a sharper economic crisis.
Similar(55)
Write-downs of that scale will eat into even the best-stuffed capital cushions.By some measures, banks are already hunkering down.
As part of the new measures, banks and building societies are to be prevented from allocating more than 15% of their new residential mortgages to people borrowing four and a half times their income or more.
In three previous summit meetings since the financial and economic crisis began in 2008, the Group of 20 has coordinated on stimulus measures, banking regulations and anti-protectionist measures.
Cash going to extremists in Somalia is sent in sacks by plane, not from a London suburb a few hundred dollars at a time.The agents are asking what extra measures banks want them to take.
The London interbank offered rate, which measures banks' willingness to lend to one another, fell again on an overnight and three-month basis.
The London interbank offered rate, which measures banks' willingness to lend to each other, fell to 1.28% from 1.51% on an overnight basis, while the three-month rate was down to 3.83% from 4.06% Monday.
The main index used to measure bank shares, Stoxx, was up almost 9% – one of its largest daily rises since May 2010.
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