经济学人:瑞士银行谭天忠的微调(2)-英语课

时间：2019-02-25 作者：英语课 分类：经济学人财经系列

英语课

　　He now intends to bring in SFr4bn through a rights issue. (Share sales in 2015 raised SFr6bn.) 他现在打算通过供股来注入四十亿瑞郎。（2015年的股权交易筹集了六十亿瑞郎。）

　　Shareholders 1 had never been keen on the flotation, which would have diluted 2 their returns from the division that contributes most to Credit Suisse's profits. 股东们从来不会热衷于增发新股，因为这将会稀释他们从红利分配中获得的收益，而红利分配占瑞士信贷利润的比重最大。
　　A climb in the share price, by more than 50% since July, has made a rights issue more attractive. 自7月来，股价增幅超过50%并正处于高点，这使得增发更加吸引人。
　　The issue will lift Credit Suisse's ratio of common equity 3 to risk-weighted assets (a key gauge 4 of banks' strength) from 11.7% to 13.4%. 股票发行会将普通股在风险加权资产中的比重（衡量银行实力的关键指标）从11.7%提高至13.4%。
　　That boosts it from a middling position among its European peers, but still leaves it behind Deutsche and UBS, its bigger Swiss neighbour. 这样的做法会使瑞信在处于中等位置的欧洲同行里脱颖而出，但是仍然排在德银和瑞银（瑞士联合银行）之后，而瑞银是瑞信在瑞士最大的邻居。
　　Mr Thiam claimed the quarterly figures endorsed 5 a strategic shift towards Asia which he announced 18 months ago. 谭天忠宣称，季度数据确保了他在十八个月前曾宣布的面向亚洲的战略转移。对许多人来说，这种结构看起来不太平衡，但是谭天忠确信它正在见效。
　　He considers the region's newly rich to be ideal clients for a bank which can meet the needs of both their businesses and their families. 他把该地区的新富人视作银行的理想客户，这样的银行要能够满足他们来自企业与家庭的需求。
　　Credit Suisse's Asian division, like the Swiss universal bank, provides wealth management and investment banking 6 locally. 瑞士信贷的亚洲分部，如瑞士环球银行，因地制宜地提供财富管理与投资银行服务。
　　Functional 7 divisions serve the rest of the world. 各职能部门服务于世界其他地区。
　　To many, this structure looks lopsided. 对于很多人来说，这种结构看起来有点儿不平衡。
　　Mr Thiam is sure that it is working. 但谭先生确定这会起作用的。
　　The Asian wealth-management business saw profits rise by two-thirds in the year to the first quarter. 亚洲财富管理业在今年第一季度增长了三分之二。
　　The region's markets business tumbled into loss, but Mr Thiam insists that a change of management will help turn it around. 而该地区的市场业务陷入亏损，但是谭天忠坚持称管理方式的改变会有助于扭转现状。
　　All this should placate 8 shareholders, who have had plenty to grumble 9 about—and whom Mr Thiam faces at the annual meeting on April 28th. 所有这些消息都应该会安抚股东的情绪，他们已经有一大堆的抱怨了，而谭天忠会在4月28日的年度大会上面对这些人。
　　This month he and other executives gave up 40% of their latest bonuses, which had been criticised by advisers 10 to institutional investors 11. 本月，他与其他高管放弃了最近一次奖金的40%，这次高额奖金早已受到机构投资者的顾问的批评。
　　The bosses had hit their targets, but the bank lost money in 2015 and 2016. 在2015与2016年，老总们达到了拿高薪的目的，但是银行却发生了亏损。
　　Better luck this year. 祝今年好运。

1 shareholders

n.股东( shareholder的名词复数 )

The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
the company's fiduciary duty to its shareholders 公司对股东负有的受托责任

2 diluted

无力的，冲淡的

The paint can be diluted with water to make a lighter shade. 这颜料可用水稀释以使色度淡一些。
This pesticide is diluted with water and applied directly to the fields. 这种杀虫剂用水稀释后直接施用在田里。

3 equity

n.公正，公平，（无固定利息的）股票

They shared the work of the house with equity.他们公平地分担家务。
To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

4 gauge

v.精确计量；估计；n.标准度量；计量器

Can you gauge what her reaction is likely to be?你能揣测她的反应可能是什么吗？
It's difficult to gauge one's character.要判断一个人的品格是很困难的。

5 endorsed

vt.& vi.endorse的过去式或过去分词形式v.赞同( endorse的过去式和过去分词 )；在（尤指支票的）背面签字；在（文件的）背面写评论；在广告上说本人使用并赞同某产品

经济学人:瑞士银行 谭天忠的微调(2)

经济学人:瑞士银行谭天忠的微调(2)