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QIA 'to raise its Barclays stake'
BARCLAYS yesterday declined to comment on reports that Qatar Investment Authority was set to up its stake in the bank as part of a £2 billion rescue bid.
The QIA could subscribe to 1bn of new loans stock in the bank, in which it already holds an 8 per cent stake, with another 1bn being taken up by the bank's institutional shareholders, according to reports.
The reported plan could help Barclays to recapitalise without help from the UK government's banking rescue plan.
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Weather for Edinburgh
Thursday 24 May 2012
Today
Sunny spells
Temperature: 12 C to 21 C
Wind Speed: 10 mph
Wind direction: North east
Tomorrow
Sunny
Temperature: 10 C to 20 C
Wind Speed: 14 mph
Wind direction: North east
