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Tuesday, October 28, 2008

Truly The End of Days

Barclays is seeking investments from two state-backed Russian banks in an effort to boost its capital. The British bank has spoken to OAO VTB and OAO Sberbank about potential capital injections, but it wasn't clear Monday if Barclays' efforts had been successful. Barclays said it would raise £6.5 billion ($10 billion) from private sources to meet government capital benchmarks.

Didn't know state-backed Russian banks were considered private sources these days.
Posted by ALD at 6:15 PM

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ALD
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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Chartered Financial Analyst, 2006

Chartered Financial Consultant, 2005

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