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. Full Article at The New York Times
Related Quotes
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One has to give Barclays credit for being able to raise that capital
SOURCE: The New York Times -
But it is also dilutive for shareholders and even though this is enough to keep them operating, the question for Barclays remains whether it’s enough to give them flexibility to go after opportunities in the current market.
SOURCE: The New York Times -
The fees are very cheeky.
SOURCE: The Telegraph -
This is a forward-looking and progressive approach to managing the share register
SOURCE: Guardian Unlimited -
Great news that Barclays has found a private investor but surely this has come at a high price pre-tax almost equivalent to the price they would have paid going through the government scheme
SOURCE: Financial Times -
Government intervention is being avoided at a very high cost.
SOURCE: The Telegraph -
While this is not a cheap issue it is at least a private-sector solution and the company is still in a position to pay a cash dividend.
SOURCE: The Telegraph -
Given the continuing uncertainties in world capital markets, the board of Barclays resolved to satisfy the capital raising requirements agreed with the UK authorities without delay. This we have done. The board believes that this maintains Barclays as a strong, independent and well capitalised bank.
SOURCE: Shropshire Star -
The answer is simple: they don’t want the British Government stopping them from paying massive bonuses to their executives
SOURCE: Financial Times -
Today's capital raising provides certainty and speed of execution, and combined with the strong third-quarter performance in a volatile operating environment enables us to continue to implement our strategy and build our business by serving clients and customers around the world
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Barclays Wealth Vice Chairman Gerard Aquilina gestures during the Reuters Global Wealth Management Summit in Geneva October 7, 2009. View Photo »
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JERSEY CITY, NJ - OCTOBER 06: Steve Marino tees off the 18th hole during round two of The Barclays on August 28, 2009 at Liberty National in Jerse... View Photo »
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JERSEY CITY, NJ - OCTOBER 06: The gallery stands around the 17th green as Ernie Els of South Africa plays from the rough during round three of The... View Photo »
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BIRMINGHAM, ENGLAND - OCTOBER 05: Richard Dunne (R) of Aston Villa walks away after scoring the opening goal during the Barclays Premier League ma... View Photo »
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LONDON - OCTOBER 04: Glen Johnson of Liverpool battles with Frank Lampard of Chelsea during the Barclays Premier League match between Chelsea and... View Photo »
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LIVERPOOL, ENGLAND - OCTOBER 04: Leon Osman (L) of Everton is congratulated by team mates Tony Hibbert and Marouane Fellaini (R) after scoring his... View Photo »
