Saturday, Jun 28, 2008
That's right Barclays 1 + 1 = 5?
FT: Barclays faces questions over balance sheet
Barclays faced renewed questions about its balance sheet on Friday as one of the City's leading analysts forecast that the banking group would need more capital than the £4.5bn it is raising through a share issue.
Banking analysts at Citigroup pointed out that Barclays would need to raise £2.5bn just to bring its balance sheet ratios into line with those of Royal Bank of Scotland, its nearest rival.
They also argued that the bank would have to take further writedowns if it valued £7.5bn of loans to private equity groups on its books in line with market prices.
Posted by stevie dee @ 08:46 AM (158 views) Add Comment
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