HBOS said it would finance the deal with existing capital.
Our plan will also see the existing capital gains tax discount halved to 25%.
How can we fund our future if we are constantly remediating the destruction of our existing capital?
That is important not only because carmakers are notoriously risk-averse (given the huge sunk costs of existing capital stock).
(However, Bank of New York Mellon's deficit is higher as a percentage of existing capital, according to Keefe, Bruyette & Woods).
In this paper, ways of enhancing the utilization of existing, capital intensive infrastructure by small, incremental additions are explored.
Does it preempt the existing capital gains exclusions for home sellers, as some e-mails have claimed?
Policymakers do not expect banks to raise more capital from shareholders or bondholders to meet the new rules but rather to reallocate existing capital.
BT's chief executive, Gavin Patterson, said the new target for ultra-fast broadband could be achieved within the existing capital expenditure budget of £2.3bn a year.
Since equity is hard to raise, banks have to marshal their existing capital carefully, which will make loans for consumers and firms hard to come by.
Because the existing capital stock is often already paid for, the marginal cost of running existing power plants can be very low.
