The initial purchase was vastly under-capitalized, and a big injection of additional capital was the only way to steer clear of the looming financial iceberg.
EDS said it may raise more than $1 billion of additional capital through the issuance of equity and/or equity-linked securities in addition to cutting the dividend "by approximately two-thirds".
In addition to the cash payment, Cigna said it would finance about $400 million of additional capital to support the acquired business.
The Chancellor's announcement of additional capital is welcome.
Bankia was nationalized in early May, but still had to request $24 billion of additional capital.
But officials said the government's offer of additional capital should be made in a uniform way to all banks.
Even so, the cost of additional capital and the loss of earnings from shrinking its American business may be significant.
The bank may have to raise up to £1 billion of additional capital, a recent report by Barclays analysts said.
Such banks might be need as much as 2.5 percentage points of additional capital, bringing the total to 9.5 percent.
The finance ministry has said that although it has a "substantial pool" of additional capital available, it "encourages" the banks to seek private money.
Mr. Kerkorian's offer of additional capital for Ford had been seen as an endorsement of the company's strategy and management under the chief executive Alan Mulally.
