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At the board meeting in January, Lehman management explained that while other Wall Street firms were raising "significant capital" in the "past three months," for Lehman "aggressive capital raising is not necessary" because the firm "remains strongly capitalized" thanks to capital "generated by earnings".
Such losses will deplete the sellers' capital, which only strongly capitalized institutions can absorb without raising additional capital or a merging with a stronger bank".
The bank said that despite the impairment charges it remained "strongly capitalized at the current time" and "happy" with its capital base.
Third Avenue also has bought $326 million of the $2.6 billion MBIA has raised in new capital through note sales, which Mr. Whitman said made the company "strongly capitalized".
Once banks are more strongly capitalized, the syndicated loan business will grow again.
The banks are strongly capitalized and have complied with new international standards known as Basel III.
Similar(44)
This capital is called the capitalized value of average profits.
Those influenced by German capitalized all nouns, while others capitalized more sparsely.
Is that capitalized?
(1 Gross capitalized cost.
(This company loves capitalized abbreviations).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com