"We have a fortress balance sheet banking system.
Too much of the world's capital flows were concentrated in the great off-balance- sheet banks commonly known as hedge funds, far away from regulatory supervision.
Whatever banks are left standing are going to be very healthy, very strong balance sheet banks and it's going to allow us to move forward as a healthier economy across the board," Hammond said.
Whatever banks are left standing are going to be very healthy, very strong balance sheet banks, and it's going to allow us to move forward as a healthier economy across the board.
Among the options that Vivendi is considering to raise money to make a counter offer are an off-balance-sheet bank loan; the sale of a part of its 40percentt stake in Vivendi Environnement; and the sale of its Houghton Mifflin publishing unit to a group of private equity investors.
In an effort to shore up the banks' balance sheet, regular bank customers were sold investments that they wrongly believed were ironclad.
To what extent is your job balance-sheet banking?
The hope is that by cleansing their balance sheets, banks will be able to lure private capital, stabilizing the entire industry.
Much as they would have wished otherwise, banks found their loan books expanding.Now, chastened by the huge amounts of capital they have had to raise to strengthen their balance-sheets, banks are being more careful.
