Whatever your view of the right level of loss-absorbing equity capital in the U.S., the European numbers are alarming. Deutsche Bank does worst, with a Basel III leverage ratio of 2 percent (up only slightly after recent capital raising), while Society Generale SA is at 2.7 percent, and BNP Paribas is at 3.3 percent. (Their Basel III Tier 1 common equity ratios are much closer to the U.S. levels thanks to risk-weighing calculations that are deeply flawed.  Simon Johnson comments in Bloomberg.  Is Trade Deal Between US and EU a Good Idea