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But Lloyd's said the claims would not have a "material" impact on its capital and it does not expect any exposure to its central fund, the reserves kept for bailouts, either individually or collectively.
So why is anyone surprised when it optimises return on its capital?
That is, how much it is generating on its capital investments — plants and equipment, say — minus the costs of that capital, whether debt or equity.
Now, thanks to its recent shopping spree, the firm can expect a return of only 10 to 12percentnt on its capital outlay as it focuses on developing new brands.
New Jersey estimated it spent $253m extra on its capital punishment system from 1980 to 2007 and performed no executions.
The CAA calculates the overall return it will allow BAA on its capital and works out airport charges from there.
Dresdner said that the credit facility would not have any material impact on its capital base, adding that it did not plan to add the SIV to its books.
Prudential has put on 24.5p to £15.30 as it said it would be the first insurer to update on its capital position under new EU solvency rules.
In 2017, BlueCrest Capital generated a return of 54% on its capital, net of all costs and trader pay, its second huge performance year in a row.
If Spain moves centre stage then expect a rumble of concern about Santander, although it has passed stringent EU tests on its capital strength.
In a statement yesterday the company said its decision was commercial, and that it could get a better return on its capital elsewhere.
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