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
UEFA are considering whether to allow women and children into matches currently being played behind closed doors because of racist abuse
UEFA president Michel Platini is embroiled in a row with the Confederation of African Football about the 2015 Africa Cup of Nations
A calendar by photographer Steve McCurry captures the rare and disappearing food traditions of rural Africa.