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Barclays plans £5.8bn cash call
Barclays' shares have fallen 5% after it announced plans to raise £5.8 billion from shareholders. City regulators said the bank needed to raise £3 billion in reserve to cover their risks.
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Barclays CEO: Our finances are '100 per cent safe'
Barclays Chief Executive Antony Jenkins has told ITV News the group's finances are "100 per cent safe" after the bank announced a new £5.8 billion capital plan to meet City regulator demands.
Rough ride ahead for Barclays before bank reaches safety
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Barclays share price falls by 5%
Barclays' share price fell by 5% today as the bank announced plans to raise £5.8 billion in rights issue to boost capital.
Bank of England welcomes Barclays' new capital plan
The Bank of England has welcomed Barclays' new capital plan to meet City regulator demands to shore up its finances.
The group is to issue new shares at a discounted price as part of a fundraising boost for the bank.
Barclays: Share plan will leave bank in 'stronger position'
Barclays chairman Sir David Walker has said plans to raise £5.8 billion from its shareholders to plug its capital shortfall would leave the bank "in an even stronger capital position".
The Prudential Regulation Authority (PRA) reported last month that Barclays needed to raise £3 billion in reserve to cover their risks.
Barclays announce 17% profit fall in new interim results
Barclays has announced its adjusted pre-tax profits fell by 17% over the first six months of 2013 to £3.59 billion as the bank counted the cost of a group-wide restructure launched in the wake of its Libor rate-rigging settlement last year.
In new interim results, the bank has also set aside £2 billion for customer mis-selling, including £1.35 billion for payment protection insurance.
The group added set prices were at 185p for new ordinary shares.
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Barclays plan to raise £5.8bn to plug capital shortfall
Barclays has announced plans to raise £5.8 billion from its shareholders to plug its capital shortfall issued by a banking regulator.
The figures follow the Prudential Regulation Authority's report last month that Barclays needed to raise £3 billion in reserve to cover their risks.
The regulator found there to be a £27.1 billion capital shortfall at five of the UK's biggest banks.
The shortfall is in the banking sector's reserve funds that are needed in case of future crises.
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Rough ride ahead for Barclays before bank reaches safety
Barclays has taken a 5% hit on its share price after it revealed plans to raise £5.8 billion from shareholders to shore up its finances.