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 heartwarming photo of a five-month-old gorilla meeting a two-year-old girl is taking Facebook by storm.
One Direction star Niall Horan has taken to Twitter to condemn a group of "fans" sending him abusive messages about his family.
In the latest in an ongoing 'row', Barnaby Joyce said he was the Hollywood actor's Hannibal Lecter, playing games in his mind.