首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
"It could have been worse" was the common refrain as American banks began reporting their second-quarter earnings. Indeed, the s
"It could have been worse" was the common refrain as American banks began reporting their second-quarter earnings. Indeed, the s
admin
2017-04-07
80
问题
"It could have been worse" was the common refrain as American banks began reporting their second-quarter earnings. Indeed, the striking characteristic of the returns was their consistency.【F1】
Big and small, local and national, lenders across the country have been benefiting from some common tailwinds.
Legal settlements are becoming sparser; the economy is expanding, albeit feebly, and the housing market is recovering; auditors are pushing banks to keep releasing loan-loss reserves; and actual losses are trivial.
But avoiding disaster is not really cause for celebration. Consumers continue to shed debt; companies carry ever more cash. Banks’ pre-provision revenue growth is muted, and there has been no recovery in loan growth of the sort seen after previous recessions.【F2】
This is so unusual that it may be unprecedented, says Michael Mayo, an analyst at CSLA, a securities firm, and it hardly suggests a good prediction for the banking system.
He predicts that the current decade will show the worst revenue growth for banks since the 1930s. Pricing and margins will inevitably tighten as a result.
In as much as borrowing activity has shifted from banks’ balance-sheets to the capital markets, some have benefited.【F3】
The investment-banking arm of perpetually troubled Citigroup did well in the second quarter, as did the investment-banking arm of infrequently troubled Goldman Sachs.
Underwriting and advisory revenues rose at both firms. Goldman reaped large gains from its own investments.
But Goldman’s return on equity was still barely in double digits. Its headcount is shrinking, not expanding. That is typically the single best indicator of an investment firm’s perspective on its prospects. Citi’s return on equity was well below Goldman’s, at 6.5%. Investors will not tolerate that sort of performance for ever. A major source of Citi’s revenue is in emerging markets, where conditions are deteriorating.
The likelihood that the overall banking environment will improve in the near future is low. 【F4】
Recent rises in interest rates, prompted by expectations that the Federal Reserve will start slowing the pace of asset purchases, will take a toll on mortgage refinancing, a source of revenue that has produced a large sum of money for banks in recent years.
It is probably no coincidence that share prices for most financial institutions have flattened in recent weeks.
Regulators and politicians are still trying to suppress banks’ risk appetite, not whet it. American financial institutions are already expecting to hold more risk-weighted capital in order to conform with the international Basel 3 standards. 【F5】
Worried by the potential for banks to game the calculations that support these same risk weightings, regulators this month proposed a higher "leverage ratio", a measure of capital that reflects the overall size of a bank’s balance-sheet as well as its riskiness.
The proposal calls for a 5% leverage ratio at the holding-company level, and 6% at the level of the bank, for the eight largest banks; Bank of America, BNY Mellon, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, State Street and Wells Fargo.
【F5】
选项
答案
银行可能会操纵证实这些相同风险权重的计算,这种潜在可能性让监管者非常担心,他们于本月建议提高“杠杆率”,这是一种衡量资本的指标,能反映出银行资产负债表的总体规模及其风险性。
解析
转载请注明原文地址:https://kaotiyun.com/show/AbbZ777K
0
考研英语一
相关试题推荐
"TheHeartoftheMatter,"thejust-releasedreportbytheAmericanAcademyofArtsandSciences(AAAS),deservespraiseforaffi
Duringthepastgeneration,theAmericanmiddle-classfamilythatoncecouldcountonhardworkandfairplaytokeepitselffin
Duringthepastgeneration,theAmericanmiddle-classfamilythatoncecouldcountonhardworkandfairplaytokeepitselffin
Duringthepastgeneration,theAmericanmiddle-classfamilythatoncecouldcountonhardworkandfairplaytokeepitselffin
Today,some30%ofsmallbusinessownersdon’thaveaWebpresenceatall,whilethevastmajoritywhodoarewatchingtheirsit
Today,some30%ofsmallbusinessownersdon’thaveaWebpresenceatall,whilethevastmajoritywhodoarewatchingtheirsit
Americansdon’tliketolosewars.Ofcourse,alotdependsonhowyoudefinejustwhatawaris.Thereareshootingwars—theki
Americansdon’tliketolosewars.Ofcourse,alotdependsonhowyoudefinejustwhatawaris.Thereareshootingwars—theki
WholesalepricesinJulyrosemoresharplythanexpectedandatafasterratethanconsumerprices,【C1】______thatbusinesseswer
随机试题
哪种给药途径常发生首关消除
采暖管道安装应符合设计及规范的规定,坡度应为3‰,不得小于2‰的是()。
给水与污水处理厂试运转单机试车,一般空车试运行不少于()。
下列各项中,不属于从事会计工作必须具备的条件的有()。
因弥补财政赤字而导致私人部门的投资以及个人消费的减少,这种现象被称为财政赤字的()。
下列关于注册会计师利用他人工作的说法中,不正确的是()。
根据不合格严重性分级原则的共同模式,不合格级别B级,会发生的严重问题包括()。
【2019上】方华情绪兴奋快而强,容易冲动,常常是爆发式的,并伴随有明显的外部表现。她的气质类型属于()。
家庭计算机接入因特网的方法有多种。下面的几种方法中,目前速率最慢的是( )。
CollegeLifeAmericancollegeanduniversitystudentswho【T1】______awayfromtheirfamiliesaregenerallyhousedin【T2】____
最新回复
(
0
)