Covered in inches of dark shiny sludge is a rich stew: a bicycle, an Ultraman stuffed toy, a fire extinguisher, a bank book.
Officers recovered his bank book and wallet in nearby drains.
Mr Proctor's bank book and wallet have been recovered from separate drains in the area and officers have found CCTV that shows somebody attempting to withdraw cash from his bank.
John Paulson told investors today he still likes his long trade in Bank of America but has now lowered his outlook on how far robust the bank can book earning per shares in 2012.
In addition, stock prices of the big Chinese banks are relatively cheap: Bank of China trades at 1.4 times forward book value, and Agricultural Bank of China trades at 1.6 book value for fiscal year 2011, even though Bank of China is considered a better-run bank.
The possibility of picking a bank that will book rising profits has gone way up.
Sweden's Telia subscribers with WAP phones, for instance, can bank online, book railway tickets, use the yellow pages and view news briefs.
Each year the World Bank issues a book entitled Doing Business.
The latest support for that view came from the central bank's Beige Book, an anecdotal compendium of economic conditions around the country.
China Merchants Bank's mortgage book grew by 70% in 2009.
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On Wednesday the U.S. central bank's Beige Book, an anecdotal compendium of economic conditions around the country, described a familiar picture of economic softness, with sluggish consumer spending and a slowdown in commercial real estate, despite rising prices.
They are all expensive at between 2.8 and 4.2 times book, whereas Citigroup, Bank of America and JPMorgan Chase sell for between 1.4 and 2.2 times book.
In 2008-09 already troubled U.S. banks were being battered by a recently reenacted, arcane accounting rule that was gratuitously destroying the book value of bank capital.
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With major bank stocks trading at below book value today, the deal offers some questions about the ability of lending institutions to find earnings value in the near term, with the federal funds interest rate still near zero.
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Barbara Bruns, an economist at the World Bank who has written a book about Brazilian schools, praises the system, created over the past 15 years, of rating schools on how much students learn and how many of them drop out or repeat grades.
The explanation must be that bank capital regulation is based on book values of capital, not market values.
Ms. Stewart, who previously held senior banking positions at Wachovia Corp. and later was chief executive of Morgan Stanley Private Bank NA, created an acquisition book that flags clients who might be in the market for additional services such as a home mortgage or student loan, as well as those who recently had a bad experience with the bank and need some extra care.
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Barclays bank analysts noted today that despite continued earnings and tangible book growth, increased capital deployment and record capital and liquidity levels, and improved asset quality levels bank investors are still hesitant on the sector.
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Credit Suisse, Citigroup, Barclays, UBS Investment Bank and Jefferies are acting as joint book-running managers and J.
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We will assume that the bank trades at a modest premium to book value on the stock market, of 1.5x book.
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In America and Germany, where many subprime loans have ended up on banks' balance sheets, the liquidity crisis has been managed smoothly, whereas in Britain, with low arrears, a bank with a high-quality loan book nonetheless found itself in a situation where its retail depositors temporarily felt threatened.
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Continental Illinois (or rather, its customer book) was eventually absorbed by Bank of America.
Continental Illinois (or rather, its customer book) was eventually absorbed by Bank of America (nyse: BAC - news - people ).
The makings of internal demand are there--as veteran investment bank economist George Magnus notes in his new book about emerging markets, Uprising, India and not China has the highest household savings rate in Asia.
The Bank of England and the Federal Reserve have read this book and understood it.
That is an estimated 2.5 times book value, a nice premium for a bank that has not published audited statements in four years.
With this in mind, Schutz figures a bank whose shares can be had for about one times book value today may well fetch 1.5 times book in a year or two.
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