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
63
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
TheUS$3-millionFundamentalPhysicsPrizeisindeedaninterestingexperiment,asAlexanderPolyakovsaidwhenheacceptedt
Duringthepastgeneration,theAmericanmiddle-classfamilythatoncecouldcountonhardworkandfairplaytokeepitselffin
Duringthepastgeneration,theAmericanmiddle-classfamilythatoncecouldcountonhardworkandfairplaytokeepitselffin
Overthepastdecade,thousandsofpatentshavebeengrantedforwhatarecalledbusinessmethods.Amazon.comreceivedonefori
Today,some30%ofsmallbusinessownersdon’thaveaWebpresenceatall,whilethevastmajoritywhodoarewatchingtheirsit
Americansdon’tliketolosewars.Ofcourse,alotdependsonhowyoudefinejustwhatawaris.Thereareshootingwars—theki
Americansdon’tliketolosewars.Ofcourse,alotdependsonhowyoudefinejustwhatawaris.Thereareshootingwars—theki
Americansdon’tliketolosewars.Ofcourse,alotdependsonhowyoudefinejustwhatawaris.Thereareshootingwars—theki
WholesalepricesinJulyrosemoresharplythanexpectedandatafasterratethanconsumerprices,【C1】______thatbusinesseswer
WholesalepricesinJulyrosemoresharplythanexpectedandatafasterratethanconsumerprices,【C1】______thatbusinesseswer
随机试题
“剪刀”胜“布”、“石头”胜“剪刀”、“布”胜“石头”,若两人所出手势相同,则为平局。人们制定这个游戏规则遵循了()。
A.同侧上象限偏盲B.同侧下象限偏盲C.黄斑分裂D.黄斑回避E.颞侧偏盲脑皮质疾患
下列哪项是浮小麦具有的功效()
6个月婴儿,呕吐,腹泻3天,大便10余次/日,呈蛋花汤样,有腥臭味,尿量极少,皮肤弹性差,前囟、眼窝明显凹陷,四肢厥冷。大便镜检白细胞偶见。血清钠135mmol/L。病原学诊断最可能是
该工程设置的消防通道是否合理?请说明理由。该工程还需考虑哪些类型的临时用水?在该工程临时用水总量中,起决定性作用的是哪种类型临时用水?
联共(布)十五大通过的经济方针是()。
刑法第384条第l款规定:“国家工作人员利用职务上的便利,挪用公款归个人使用,进行非法活动的,或者挪用公款数额较大、进行营利活动的,或者挪用公款数额较大、超过三个月未还的,是挪用公款罪,处五年以下有期徒刑或者拘役;情节严重的,处五年以上有期徒刑。挪用公款数
Whenwilltheplanearrive?
Aswithahumanbaby,youmustbepatient,______,andunderstandingofyourpet’smistakes.(2003年上海交通大学考博试题)
Somemanagershavenoticedrecentlythattheemployeesinthecompanyaretakingadvantageofthepolicyofhavingbreaks.Thew
最新回复
(
0
)