re: Ann: ANZ agrees to sell Custodian Service... It doesn't provide them with more capital (well, it does if it's above book...)...
But, please understand what T1 capital is.
http://en.wikipedia.org/wiki/Tier_1_capital
"Capital in this sense is related to, but different from, the accounting concept of shareholders' equity.
...
The Tier 1 risk based capital ratio is the ratio of a bank's core (equity capital) to its total risk-weighted assets. Risk-weighted assets are the total of all assets held by the bank which are weighted for credit risk according to a formula determined by the Regulator
...
Assets like cash and coins usually have zero risk weight.
Ergo, sell an asset for cash (my presumption based on the announcement)... and T1 improves.
Thanks for playing,
Rhys.
re: Ann: ANZ agrees to sell Custodian Service... It doesn't...
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