Speculation is mounting that Barclays and HBOS will need to follow Royal Bank of Scotland in tapping shareholders for cash amid pressure from regulators on banks to plug an estimated £37bn hole in their capital cushions, reports The Guardian .
Barclays and HBOS are expected to tell the City within days whether they need to bolster their financial position and increase their write-downs for losses in toxic investments following the record-breaking £12bn rights issue from RBS. Barclays annual meeting is tomorrow and HBOS, owner of Halifax, holds its meeting next Tuesday. This has raised speculation that it will be difficult for the banks' management teams to avoid questions about their financial strength and exposure to instruments caught up in the sub-prime mortgage fall-out. Shares in both banks were among the biggest fallers i...
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