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Spain is forcing banks to book losses of up to 80 percent on certain assets such as undeveloped land that the banks seized when property developers went bankrupt.
The realignment would affect all its locations and functions and would also include consolidations, outsourcing and accelerated depreciation on certain assets.
Under the agreement, Swiss banks were to impose a withholding tax on certain assets held by UK residents if the owners did not disclose their identity to HRMC.
In some instances, the government has guaranteed losses on certain assets for big, systemically important companies like Citigroup and Bank of America.
The Securities and Exchange Commission is examining a $300 million deal last September between Enron and Qwest Communications to determine whether the two companies used accounting tricks to inflate their revenues or avoid booking losses on certain assets in a swap of high-speed network capacity, people who have talked with the S.E.C. said.
We intend to levy on certain assets.
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Divestment of certain assets on the West Coast, where the two companies are particularly dominant, may be called for.
"We could have held on to certain assets and made money now but we cannot have this kind of risk irrespective of future potential," says Josef Ackermann, the boss of Deutsche Bank.FireproofingBanks are also taking measures to ensure that a poor year in more volatile businesses cannot overwhelm a decent year in steadier ones.
Concerns were raised about the value of certain assets, and the collateral on a loan the Italian bank had made to an entrepreneur.
Should we divest of certain assets?
Since, conditional on owning certain assets, the native-immigrant differential is smaller, they concluded that the participation gap in various categories is an important contributor to overall asset disparities.
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