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Barclays And Nationwide Forced To Strengthen

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Apologies if already posted, can't see it anywhere.

Barclays and Nationwide Forced to Strengthen

In the case of Barclays' date=' and on a pro forma basis, the capital gap would be between £5bn and £7bn. But that does not mean Barclays would have to sell new shares to that value.

It can achieve the effect of meeting the new target by [b']shrinking lending, and selling assets.[/b]

Since Nationwide has even less finance raising options available to them, I guess they'll have little choice but to shrink lending and sell assets - ie loans. Which is going to cause an almighty argument about FLS, I imagine.

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Apologies if already posted, can't see it anywhere.

Barclays and Nationwide Forced to Strengthen

Since Nationwide has even less finance raising options available to them, I guess they'll have little choice but to shrink lending and sell assets - ie loans. Which is going to cause an almighty argument about FLS, I imagine.

You say that...but last year ( i think it was ) nationwide passed a sneaky amendment to their constitution to allow them to raise capital from the free market.

I tried to get people to vote against it but the no vote didn't gain much momentum.

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You say that...but last year ( i think it was ) nationwide passed a sneaky amendment to their constitution to allow them to raise capital from the free market.

I tried to get people to vote against it but the no vote didn't gain much momentum.

Good point - I remember reading something about that now that you mention it. But either way, as long as the requirement stands, they will need to shrink lending to some extent. As long as the requirement stands, that is...

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Nearly everytime i go into the Nationwide the cashier is encouraging me to look or take out some crap 'product' i don't need or want some of the more forceful need to be told 'NO' 3 or 4 time's before they finally give up trying to force feed me a 'product' ......... :rolleyes:

Edited by grey shark

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Nearly everytime i go into the Nationwide the cashier is encouraging me to look or take out some crap 'product' i don't need or want some of the more forceful need to be told 'NO' 3 or 4 time's before they finally give up trying to force feed me a 'product' ......... :rolleyes:

I used to swear by the nationwide...now I swear as I go by the nationwide.

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Nearly everytime i go into the Nationwide the cashier is encouraging me to look or take out some crap 'product' i don't need or want some of the more forceful need to be told 'NO' 3 or 4 time's before they finally give up trying to force feed me a 'product' ......... :rolleyes:

Basic mistake there... I can't remember the last time I actually

went into a branch. At least Nationwide online banking is good.

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  • 245 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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