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They raised the required capital levels.
So something more was required: capital.
These plantations required capital, machinery, and expensive foreign management.
Watsa's investment fund Fairfax Financial has until 4 November to raise required capital.
Watsa's investment fund, Fairfax Financial, has until 4 November to raise the required capital.
Both lenders said they raised the required capital well before the deadline.
The required capital ratio will rise, as for most types of banking.
The riskier the loan or business, the greater the required capital.
"These adjustments reduced the amount of required capital to engage in increasingly risky activities," Mr. Einhorn says.
It required capital from investors in 1999 and 2003 — the latter round including Medtronic and Mr. Khederian, Cambridge's chief executive.
The remaining issues, however, were too large to be treated as maintenance issues and required capital money.
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