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’Repo ichi zero go?
Repo 105 — the accounting device used by Lehman Brothers’ to disguise its true leverage ratio in the final years of the bank’s existence — would have been nothing without a willing counterparty.
The accounting gimmick,
UBS, Citi and other ‘below average’ banks
Standard & Poor’s freshly published comparison of global banks’ risk-adjusted capital (RAC) adequacy made for gripping reading on a chilly Monday morning in New York.
The report contains 22 pages of data,
Banks’ fund-raising: the coming wave in Asia
Banks are clearly thinking as much these days about selling off stakes in themselves or other capital raising plans as they are about banking – possibly more, if you’re a Barclays, Bank of America or an RBS.
US subprime fallout hits Japanese banks
Three of Japan’s biggest banks on Wednesday unveiled sharp falls in first-half results and cut their full-year profit forecasts on losses related to subprime mortgages. The announcements from Mizuho Financial Group,