Share Monday 6 September 2010 8:28 pm KCS-content Show Comments ▼ Tags: NULL Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timesautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco Relish whatsapp German banks could require an extra £88bn under Basel rules GERMANY’S 10 biggest banks may need €105bn (£87.8bn) of additional capital under a revamp of banking rules designed to prevent future financial crises, the country’s banking association said.International banking regulators known as the Basel Committee will likely require banks to have a Tier 1 capital ratio of six per cent, up from four per cent, said Germany’s BdB banking association, whose members include lenders such as Commerzbank and Deutsche Bank.Regulators are bumping up the amount of capital banks need to hold in an effort to ensure lenders have an array of loss-absorbing backstops that can be used to avoid another downturn such as the recent financial crisis.Buffers for capital conservation of an additional two per cent and a countercyclical capital buffer of two per cent more are also likely to be applied, the BdB said yesterday.The Tier 1 ratio and each of the buffers probably would be composed of 80 per cent of top quality or “core Tier 1” capital, which consists of equity capital and retained earnings, BdB said. Many leading banks already hold Tier 1 capital of 10 per cent or more.
whatsapp Monday 25 April 2011 10:57 pm All Saints edges closer to sale amid administration fear HIGH street fashion retailer All Saints is set to complete a sale to US private equity house Goode Partners by the end of this week, despite fears its creditors could put it into administration.Sources close to the process said the US firm was “leading the deal” to buy all of the ordinary shares in the company for more than £100m, as part of a consortium of buyers.But there are suggestions the retailer’s main lender, Lloyds Banking Group, has threatened chief executive Stephen Craig with the liquidation of his firm should the buyout deal fail.The bank, which provides All Saints with a £28.5m loan facility, was also said to have put KPMG on standby to initiate administration proceedings should talks fail. Talks are set to continue today between management and bankers over the future of the business.Craig told City A.M. last night there had been no threat of liquidation, adding that Lloyds had been “fantastic” throughout the sale process.He said: “It’s been a case study in relationship banking.“Where we’re at in the transaction is that I believe it will complete this week. If it doesn’t complete this week then, in my view, it’s only because of the Royal Wedding.”All Saints was put on the block after majority shareholders Kaupthing and Glitnir, the Icelandic banks that collapsed during the financial crisis, were forced to sell their assets by administrators.Retail mogul Kevin Stanford, who bought the fashion brand in 2003, also holds a “Z-share” in the business – a position that could net him 50 per cent of the value of the transaction.All Saints has more than 60 stores and almost 50 concessions across the UK, Europe, America and Russia. KCS-content Tags: NULL whatsapp Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comKansas coach fired for using N-word toward Black playerthegrio.com Share