2009-08-04 — telegraph.co.uk
"The nationalised bank also confirmed that is in breach of its regulatory requirements but that the Financial Services Authority “does not currently intend to restrict the activities of the Company while the legal and capital restructuring is completedâ€.
Its core tier one capital – the key measure of financial strength – is -£794m. It would need core tier one capital of £2bn to be in line with the FSA’s current requirement for a ratio of about 8pc."
Its core tier one capital – the key measure of financial strength – is -£794m. It would need core tier one capital of £2bn to be in line with the FSA’s current requirement for a ratio of about 8pc."
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