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The bank said it will raise £7.3 billion, including £5.8 billion from Middle Eastern investors, reports the Financial Times.
According to the newspaper, trading statements suggest Barclays is weathering the financial storm considerably better than other high street banks.
John Varley, Barclays' chief executive, commented: "Today's capital raising provides certainty and speed of execution and combined with the strong third-quarter performance in a volatile operating environment enables us to continue to implement our strategy."
Alex Potter, an analyst at Collins Stewart, told clients in a note that the bank was avoiding government intervention at a very high cost.
The Wall Street Journal also reported recently that Barclays is looking for an investment from the Russian state-owned Sberbank.
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