As a group, the public lenders have capital equivalent to just 4.5% of total loans, and so cannot absorb big losses.
Just to remind you (needless I am sure), the current convention is that banks need in general to hold equity capital equivalent to around 10% of their loans.
And Nationwide's balance sheet, on paper at least, is stronger than that of any of the big banks, with loss-absorbing core capital equivalent to 12.5% of risk-weighted assets, 2.5 percentage points higher than the banks' capital ratios.
He refused to be drawn on what the final outcome would be, but he did not deny that expectations of banks such as HSBC that they'll be forced to hold what's known as core tier one capital equivalent to around 10% of risk-weighted assets are in the right ballpark - or about 3 percentage points more than the new 7% minimum for all banks.
Dividends and capital gains produce equivalent gains, but their tax rates will now be very different.
The Bank of England's Financial Stability Review shows that Barclays' retail banking loans in Spain, Italy and bailed-out Portugal are equivalent to a bit more than its core equity capital - its buffer against losses.
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Income like this is equivalent to an annuity meaning that we can calculate the capital value of such a sum.
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It involves comparing the interest and premiums you have actually paid on your endowment mortgage with the interest and capital repayments you would have paid on an equivalent repayment mortgage.
As announced on 9 July 2012, ASML can issue new shares equivalent to 9.99% of its issued share capital to Intel as per the authorizations granted at ASML's 2012 Annual General Meeting of shareholders.
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For an artist, signing a multiple rights deal is the equivalent of a Silicon Valley startup selling a stake to a venture capital firm.
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This is the technology equivalent of every organization in the world, big or small, investing the capital and human resources to build and operate their own electricity producing power plants.
In present value terms, India lost an equivalent of about 36% of its 2008 GDP which represents a staggering loss of capital, according to the Nov. report.
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"While in 2011, the fund invested 150bn krone of the year's capital transfers in European equities, in 2012, the fund invested nearly an equivalent amount in emerging bond markets", said Mr Slyngstad.
Bumi said that it received a request from the Bakrie Group to cancel their indirect 23.8% shareholding, in exchange for an equivalent value of PT Bumi Resources shares representing 10.3% of the total outstanding share capital.
This concept, enacted in 2007, turned the economic equivalent of a serious flood into a tsunami by relentlessly destroying the ostensible value of our banks' regulatory capital.
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