Barclays (BCS) To Raise $9.7B In Capital From Middle East Investors
More News related to BCS
- Sodexo Leverages Softscape Technology for Integrated Talent Management & Succession Planning
- Top 15 For 2008 (No. 14): M&A Wreckage
- Softscape Gains Significant Momentum in Asia-Pacific Region Expanding Market Dominance with Large Global Enterprises
- Barclays (BCS) Reported To Eliminate 30% of U.S. Hedge-Fund Service Jobs
- Barclays (BCS) to Offer Existing Investors Preference Shares Related to Capital Infusion -WSJ
More News related to LEH
- Top 15 For 2008 (No. 14): M&A Wreckage
- Investors Suffering Stock Market Losses as a Result of Over-Concentrated Portfolios May Have Claims Against Their Brokers; the Law Firm of Stein, Stein & Pinsky, P.A. is Investigating
- Barclays (BCS) To Raise $9.7B In Capital From Middle East Investors
- Citadel Has Billions In Credit, Tries To Reassure Investors
- DTCC Completes Settlement of Lehman CDS Contracts Resulting In $5.2B In Net Fund Transfers
More News related to LEHMQ
- Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Lehman Brothers Holdings Inc.'s 100 Percent Principal Protection Notes From UBS Financial Services, Inc., Announces Class Ac
- Notice to All UBS Securities, LLC Customers Who Invested in Lehman Principal Protection Notes From the Law Firm of Tramont Guerra & Nunez, PA
- Barclays (BCS) To Raise $9.7B In Capital From Middle East Investors
- Barclays (BCS) Lights Up New York's Time Square
More News related to Equity Offerings
- Buckingham Research Maintains a 'Neutral' Rating on Wal-Mart (WMT), See Upside/Downside Fairly Balanced
- Wedbush Morgan Maintains a 'Hold' on Majesco Holdings (COOL), Impressed With Progress But Investors Remain Skeptical
- Wedbush Morgan Maintains a 'Hold' on Family Dollar Stores (FDO), Raises Price Target and Estimates
- Wedbush Morgan Maintains a 'Buy' on ON Semiconductor (ONNN), Raises Price Target
- Analyst Round-Up: Intuitive Surgical (ISRG) - 3 Downgrades, 2 Price Target Cuts
Barclays (NYSE: BCS) announced a proposal to raise up to $9.72 billion of additional capital from existing and new strategic and institutional investors. Part of the capital will be raised from Qatar Holding and entities representing the beneficial interests of HH Sheikh Mansour Bin Zayed Al Nahyan, a member of the Royal Family of Abu Dhabi.
CEO John Varley said, "The capital raising announced today enables Barclays to meet the capital issuance plan agreed with the UK authorities following the decision by the FSA to increase the capital ratio requirements for all UK banks. We are pleased to have the continuing support of Qatar Holding and Challenger, and to welcome HH Sheikh Mansour Bin Zayed Al Nahyan as a substantial new investor, as well as enabling broad participation by existing institutional shareholders.  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."
Barclays was the buyer of the now bankrupt Lehman Brothers' (NYSE: LEH) (OTC: LEHMQ) investment bank.
Related Categories
Equity OfferingsHot List
Trader Talk
Stocks Mentioned
+0.49
-0.01Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
