Barclays Shares Tanking After Plans To Raise Fresh Capital
Jul 30, 2013, 19:31 IST
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The plan includes a £5.8 billion share offering, issuance of £2 billion in debt, and a £65-80 billion reduction of its loan book to approximately £1.5 trillion.
"If Barclays needs to raise that much capital, and it was relatively well capitalized by European standards, it suggests we've got a long way to go in Europe," the head of equities at a UK fund manager told Reuters.