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Citicorp has $10.2 billion of shareholder equity, known as Tier 1 capital.
COMPARED with Lucent's financial accounting restatements of $679 million and the problems that have befallen that company, the amount of shareholder equity lost in Indus's case seems inconsequential.
But a disclosure made by Kenneth L. Lay, Enron's chairman and chief executive, about a $1.2 billion reduction of shareholder equity began to bother investors within days.
Combine that with the requirement that big banks keep 15 percent of shareholder equity as a cushion and we have the only responsible legislation presented in decades to deal with this issue.
After Monday's reductions, the firm's net exposure to the debt of Portugal, Italy, Ireland, Greece and Spain was $59 million, or 1.7 percent of shareholder equity, according to the latest statement.
Currently, Goldman is sitting on $64 billion of shareholder equity, up from $46.6 billion at the end of 2008, meaning that it has to work harder to generate the same return on equity.
Similar(34)
Tier one (core) capital, the more important of the two, consists largely of shareholders' equity.
It also announced a reduction of shareholders' equity of $1.2 billion related to transactions with that same entity.
Under American accounting rules, Euro Disney ended its fiscal year last September with $2.5 billion in debt and only $69 million of shareholders' equity.
Last fall's bond offering left the company with $216.3 million of total indebtedness and $141 million of shareholders' equity.
This week Swiss Re, the world's second-biggest reinsurer, increased its estimated pre-tax losses from Katrina from $500m to $1.2 billion, or 7% of shareholders' equity.
More suggestions(16)
of shareholder investment
of shareholder money
of company equity
of stock equity
of venture equity
of shareholder funds
of shareholder interests
of shareholder initiatives
of shareholder opposition
of shareholder approval
of shareholder pressure
of shareholder voting
of shareholder compensation
of shareholder activism
of shareholder ire
of shareholder hostility
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