barclays launches £58bn rights issue profits soar
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Barclays launches £5.8bn rights issue, profits soar

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Arab Today, arab today Barclays launches £5.8bn rights issue, profits soar

London - AFP

British bank Barclays on Tuesday launched plans to raise £5.8 billion ($8.9 billion, 6.7 billion euros) via a shares sale to bolster capital levels, but revealed that first-half profits more than quadrupled. The lender, which was hit last year by the Libor rate-rigging crisis, said in a statement it would seek the capital boost in order to meet capital requirements laid down by the Bank of England.

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