Barclays Dips on Fears It May Need More Funds
Tuesday, July 28, 2009 3:30Posted in category Featured
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Barclays missed out on the rally in the wider market amid a warning from a leading analyst that the bank may have to raise up to £12.8bn of new funds by the end of next year.
Although Carla Antunes da Silva, banking analyst at JP Morgan, believes that Barclays’ acquisition of Lehman Brothers’ US business should be “transformational” and add “significant value”, the new regulatory framework that comes into effect in 2010 could force Barclays to find new capital.
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