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.
As a result we expect Barclays to be in an even stronger capital position, allowing us to increase the dividend payout ratio ahead of the original Transform target.
The Board expects that Barclays will continue to reduce leverage further, whilst maintaining target capital levels, and will aim to do so in a way that achieves sustainable returns above the cost of equity.
More top news
A court has ruled that the original coffin in which Lee Harvey Oswald was buried belongs to his brother, not the undertaker's that sold it.
Manic Street Preachers lyricist went missing nearly 20 years ago but mystery still surrounds exactly what happened to him.
Deputy Prime Minister admitted he wanted to hit David Cameron on more than 20 occasions on late-night chat show 'The Last Leg'.