The terms of the Series F Preferred Stock have been established to satisfy the criteria for "tier I capital" instruments set forth in the FRB's new Basel Ill-based capital rules applicable to bank holding companies (the "New Capital Rules") . However, it is possible that the Series F Preferred Stock may n

loans, lower allowed credit ratings on asset backed securities) Finance ministers Schauble and Baroin push for watered down application of certain Basel Ill standards Sanctioning for EU banks to address 115 bn capital shortfall through earnings rather than rights offerings Dilution of proposed Maastric

quity Ratioili 24X U.S. Spain U.K. France Germany Blackstone believes that the high leverage ratios, as well as new regulations established by Basel Ill and the European Banking Authority, ultimately will force many banks to accelerate delcveraging plans. As of the third quarter of 2015, European ba