Barclays to raise $6 bn, may buy ‘distressed’ rivals
Barclays, Britain’s thirdbiggest bank is in “advanced talks” with sovereign wealth funds to secure more than 3 billion pounds ($5.9 billion) in funding and is mulling buying “distressed” rivals, the media reported.
By Agencies |
LONDON: Barclays, Britain���s thirdbiggest bank is in ���advanced talks��� with sovereign wealth funds to secure more than 3 billion pounds ($5.9 billion) in funding and is mulling buying ���distressed��� rivals, the media reported.
The bank has ���stepped up��� talks with investors from China, Abu Dhabi and elsewhere in the Middle East and Asia, the London-based newspaper said, citing unnamed advisers to Barclays. China Development Bank, which already holds a stake in Barclays, is among those in talks with the British bank about providing capital, the media reported.
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