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In Fortescue's favour, it raised equity and debt in 2006, and more money last year.
Had they raised equity instead, fewer banks would have wobbled, says Ruud de Mooij of the IMF.
But even as many banks have successfully raised equity capital, how they will finance their maturing debt remains a concern.
There is little sign that leverage has fallen when measured by book value: although some companies have cut debt and raised equity, many have not.
Some countries are awake to this: in Britain, where prices have fallen by nearly half in real terms, big property groups have raised equity to shore up their balance-sheets, and reduced prices are attracting foreign buyers to London.
Over the first six months of the year, AES not only refinanced a large portion of its outstanding debt, but last month it also raised equity in the stock market.
Similar(40)
Whereas Crowdcube raises equity mainly for startups, its debt-raisings are aimed at more established businesses, which are supposed to be more creditworthy.
Small firms find it hard to raise equity.
One alternative that Mr. Cuban favors is raising equity.
If they want to raise equity, who will buy it?
Anil Ambani's Reliance Group needs to raise equity.
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