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"On a tangible common equity basis, we are fine.
We had previously estimated a £15bn-20bn deficit in tangible common equity.
To outsiders, the switch in language from "tangible common equity" to "Tier 1 capital" signified nothing.
He thinks regulators will require banks to hold tangible common equity of 6percentt of assets.
Our tangible common equity for GE Capital is higher than any of the big banks".
"It has too much debt and not enough tangible common equity".
Mr. Dimon says the bank posted a 15 percent return on tangible common equity.
American banks have $440 billion of hybrid tier-one capital, in addition to tangible common equity.
For many people, the mere arrival of a tangible common currency had seemed like an impossibility for years.
A bank's TCE ratio is calculated by dividing its tangible common equity (ordinary share capital) by its tangible assets.
The results were then evaluated against strict minimum capital standards, in terms of both overall capital and tangible common equity.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com