Tuesday, Oct 28, 2008
So that's why they didn't take our money!
Scotsman Business: QIA 'to raise its Barclays stake'
BARCLAYS yesterday declined to comment on reports that Qatar Investment Authority was set to up its stake in the bank as part of a £2 billion rescue bid.
The QIA could subscribe to £1bn of new loans stock in the bank, in which it already holds an 8 per cent stake, with another £1bn being taken up by the bank's institutional shareholders, according to reports.
The reported plan could help Barclays to recapitalise without help from the UK government's banking rescue plan.
Posted by malct @ 02:33 PM (215 views) Add Comment
1 Comment
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1. whiteknight said...
They took the guarantee of our currency behind them.
This "we never accepted any help" won't wash.
Any fool can run down the field to score a touchdown if they have a large defensive shield running alongside them.