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Jenkins' aim for "sustainable" returns above the bank's cost of capital is more sensible.
A more sensible assessment would note that the capital gains allowance for wealth creators has been doubled to £2m.
At the moment these attract a capital charge of 1.6%; some regulators think a higher weighting, perhaps even the full 8%, would be more sensible.Then there is the definition of capital.
Autodesk, which had invested $22.5 million in Buzzsaw since spinning it off in November 1999, said the struggling capital market made it more sensible to buy Buzzsaw than to keep financing it.
No doubt, most entrepreneurs who raise capital are a lot more sensible than the one who bought the Corvette.
What's more, sensible EU business folk might complain if Berlin or Paris tried to undermine London; they would worry that the price of capital could go up for them.
So much more sensible!
Far more sensible.
"You're more sensible.
Now expectations are more sensible.
What could be more sensible?
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