Lehman Brothers Financial SA (LEHNQ)

[indepth05]

None. Tier one capital is only a regulator's measure of financial strength. There is no reason to recapitalize the CTs

DEFINITION of 'Tier 1 Capital'
A term used to describe the capital adequacy of a bank. Tier I capital is core capital, this includes equity capital and disclosed reserves.

Tier 1 capital is the core measure of a bank's financial strength from a regulator's point of view. It is composed of core capital,which consists primarily of common stock and disclosed reserves (or retained earnings), but may also include non-redeemable non-cumulative preferred stock