Wednesday August 5, 2020

Barclays to raise £5.8bn in rights offering

Barclays, Britain’s second-largest bank by assets, said it will raise £5.8 billion in a rights offering to bolster capital as it booked its biggest charge to date for customer compensation.

30th July, 2013
Barclays will shrink assets by as much as £80 billion to £1.5 trillion.

Barclays, Britain’s second-largest bank by assets, said it will raise £5.8 billion in a rights offering to bolster capital as it booked its biggest charge to date for customer compensation.

The lender will offer investors one new share for every four shares they already own for 185 pence, 40 per cent less than yesterday’s closing price, London-based Barclays said in a statement today. It will also shrink assets by as much as £80...

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