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LONDON Barclays plans to raise £7.3 billion, or $11.8 billion, by selling shares to Abu Dhabi and Qatar to meet Britain’s new capital requirements for banks without the government’s help. Barclays is to sell £5.8 billion of convertible notes , which could... Full Article at The New York Times
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British bank Barclays said it will raise Ł7.3 billion ($11.8 billion), mostly from investors in Abu Dhabi and Qatar, to bolster its finances amid the global credit crunch. Full Article at TradeArabia
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Outlook Barclays is paying a heavy price to save BobDiamond's multimillionpound bonus. Full Article at The Independent
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He was unveiled as the financial muscle behind a Ł7.3billion move to shore up the defences of Britains second biggest bank. Full Article at Daily Express
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After resisting the urge to join the government bailout of banks, Barclays has secured a rescue package from oil-rich investors from the Middle East – a means of raising capital without jeopardising the multi-million pound bonuses that some of its... Full Article at The Independent
