事实上对银行而言，要想得到进行并购活动的许可，他们的资本比率必须最少要达到12%。

To get permission to make acquisitions, a bank must, in effect, have a minimum capital ratio of 12%.

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这些闯入者开始可能就想收购或并购意大利资本银行。

These interlopers may be setting themselves up for a merger or takeover of the Italian bank.

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甚至那些躲过了并购的公司也已经提高了借入资本用来回购股份——要是那些私人股本集团不来找麻烦该多好。

Even companies avoiding the acquisition trail have raised borrowing levels to buy back shares-if only to keep private equity groups at bay.

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