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    Barclays capital shortfall bigger than feared

    euronews (in English)

    by euronews (in English)

    Barclays shares plunged further on Tuesday as it announced plans to raise 5.8 billion pounds (6.7 billion euros) from its shareholders.

    The sale of new shares is in response to calls from Britain's financial regulator for the bank to strengthen its reserves of capital.

    The regulator said it must have more cash on hand in case of market shocks, like the financial crisis of 2008.