By historical standards it is feeble (see chart).Although banks do typically run down capital in a recession, it is clear that they still do not command enough market confidence to borrow at commercially attractive rates.
The deal was a triumph, but meant running down capital to dangerously low levels and rebuilding it with cost cuts yielded by the merger.
They are an incongruous sight in a neglected, run-down African capital city.
"Any run-down of capital over that time span could potentially get you in to trouble".
Young Shias in the run-down suburbs surrounding the capital, Manama, took to the streets almost daily to shout anti-government slogans, burn tyres, and coat walls in graffiti in support of the imprisoned Sheikh Jamri.
"I thought they were going to execute me," said Mr. Salman, sitting on the floor in his family's small house in a run-down neighborhood of the capital a week after being freed by a frightened prison warden as Americans took control of the city.
"Nothing has really happened so far," said Piotr Bartosz, 34, owner of a small electronics shop in a run-down market here in the capital.
Tim Dirven, a Belgian photographer, came across a bizarre but powerful illustration of this at a street photographer's stall in a dusty run-down district of Kinshasa, the capital of Congo.
TORRIJOS, Spain, Aug. 7 — Fatou Faye was not the first person to head for Spain from her run-down corner of Dakar, the Senegalese capital.
Burma's former capital, Rangoon, is run-down.
The country is running down its capital, but living standards remain frugal.
