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Old 06-26-2008, 04:12 AM
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Post Barclays plans to raise £4.5 billion

Barclays is the latest British bank in a fundraising move to improve its balance sheet.The bank announced it plans to raise £4.5 billion ($8.8 billion) through a discounted share placing. However, unlike its rivals, Barclays is not issuing the new shares at a massive discount.The plan is to sell shares to new investors such as [...]

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