The Bank of England has welcomed Barclays' new capital plan to meet City regulator demands to shore up its finances.
Following constructive discussions, the PRA has agreed and welcomes Barclays capital plan, announced today.
We have considered all elements of the plan, including new capital issuance, planned dividends and management actions to be taken and, based on Barclays' projections, conclude that it is a credible plan to meet a leverage ratio of 3%, after adjustments, by June 2014 without cutting back on lending to the real economy.
More top news
Every senior Cabinet minister “got what they wanted” from the Chequers meeting to agree the UK's plan on the future EU trading relationship.
Detectives are urging the public to help trace two men after a 96-year-old prisoner of war was attacked during a burglary at his home.
Errors with medication may cause around 1,700 deaths annually in England and contribute to up to 22,000 each year, according to research.