Five U.K. Banks Must Raise $21 Bln in New Capital
(Corrects television graphic, video description and headline with updated amount on total additional capital.)
June 20 (Bloomberg) -- Five U.K. banks must find 13.4 billion pounds ($21 billion) to plug a 27.1 billion-pound capital shortfall by the end of the year, the Bank of England said.
The five lenders, including Barclays Plc, Lloyds Banking Group Plc and Royal Bank of Scotland Group Plc, have already submitted plans to raise half the total, the London-based BOE said in a statement today. Howard Mustoe reports on Bloomberg Television's "The Pulse" with Anna Edwards. (Source: Bloomberg)