Barclays Raises £7.3 Bln From M.E. Investors

31 Oct 2008

Barclays has raised £7.3 billion ($12.02 billion) from several Middle Eastern investors in its quest to avoid turning to the British government for bailout funds.

Barclays has raised £7.3 billion ($12.02 billion) from several Middle Eastern investors in its quest to avoid turning to the British government for bailout funds. The main investors come from Qatar and Abu Dhabi and will provide the bank with 60% of the money in reserve capital instruments ...

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