It had a stellar balance sheet loaded with prudent investments backing up its commercial insurance liabilities.
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No one seems to care at the Fed about the gold supposedly backing up the gold certificates on the Fed balance sheet.
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Backing up these operating improvements is an extremely strong balance sheet.
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With government backing, CaixaBank is looking to plug holes in its balance sheet to get back on its feet.
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He'll be backing up in Super League next week and we'll get a sheet round telling us all his decisions have been the right ones, I guarantee you that.
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Writing a loan down, on the other hand, means that it stays on the bank's balance sheet at a reduced but perhaps still inflated value, and the collateral backing the loan is not sold.
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