Saturday, June 14, 2008

Tiers flow?

Speculation mounts over Barclays fundraising

Barclays has "plenty of opportunities" and is "clear" about its strategy, finance director Chris Lucas told a Goldman Sachs conference yesterday, as speculation continued to mount that the bank will have to raise capital to shore up its balance sheet. Analysts reckon Barclays may need to raise as much as £7bn to improve its "very tight" core tier-one capital ratio of 5.1pc, below the bank's own targets of 5.25pc.

Posted by dave spart @ 03:53 AM (1406 views)
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