Industrial & Commercial Bank of China Ltd. and Bank of China Ltd. won approval to change how capital ratios are calculated, in line with international standards, as regulators seek to ease financing constraints for the country’s biggest banks.
German Finance Minister Wolfgang Schaeuble and state officials today agreed on a plan to allow tax relief on the interest banks will pay on the extra capital they need in the future to meet stricter leverage standards.
The Alder tree, a member of the birch family that thrives in landscapes where others fail, is inspiring a British bank as it challenges established issuers in the $346 billion U.K. residential mortgage-bond market.
Industrial & Commercial Bank of China Ltd. and its competitors are poised to issue preferred shares as soon as this year to shore up finances as slowing profit growth curbs their ability to retain earnings as capital.
Euro-area lenders shown to have serious shortfalls in capital may be told by domestic regulators to increase equity even before the European Central Bank’s Comprehensive Assessment is finished, ECB Supervisory Board Chair Daniele Nouy said.
Sweden’s bank regulator said there’s no fixed rule on how to deal with capital shortfalls should they be found in euro-area subsidiaries of its lenders by the European Central Bank’s Asset Quality Review.