Plan to raise cash with some help from sovereign wealth funds

Lender begins selling shares to investors and sovereign wealth funds, miners stumble.

Reports that Lehman is in talks to sell itself to Barclays impacts the markets.

Barclays plans to stop selling new loans at its unit Firstplus, the UK's largest supplier of homeowner loans, due to slowing demand.

Banking giant Barclays cuts 300 jobs at its home loans division Firstplus in Cardiff because of slowing demand.

Vijay Singh of Fiji chips to the first green during a practice round at Winged Foot Golf Club on Monday, June 12, 2006 in Mamaroneck, N.Y. The 106th U.S. Open begins Thursday, June 15. Singh won the Barclays Classic yesterday. (AP Photo/Charles Krupa)

Analysis by Rossa White of Davy Research; Analysis by Julian Callow of Barclays Capital

Analysis by Julian Callow of Barclays Capital

Barclays Wealth : Does wealth represent free time, freedom of action, freedom of choice? Is it your passport to the material things that bring pleasure and satisfaction to your own life? Or is it a way to better other people's lives? Perhaps you see your wealth as a responsibility that requires diligent stewardship, ensuring its preservation and smooth passage to the next generation?

Roundtable Discussion with Stuart Hoffman of PNC Financial Services and Larry Kantor of Barclays Capital

CEO Diamond says Barclays will 'outperform' market on writedowns; Analysis by Jane Coffey of Royal London Asset Management

Barclays Investors Buying 1.58 Million Shares

Investors buying freshly diluted equity has become something of a refrain in Europe. Barclays raised 4.5 billion pounds ($8.8 billion) from investors including Qatar and Japan’s Sumitomo Mitsui to rebuild capital and pursue growth. That drove the London bank’s shares up more than 5 percent. Existing shareholders will get a chance to buy up to 4 billion pounds of shares at a discount, w...

Jun 25 - British bank Barclays has raised 4.5 million pounds from investors to rebuild capital and pursue growth.

Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the Qatar Investment Authority.

Add Barclays to the ranks of banks that are floating new shares in an effort to restore liquidity in the lingering wake of the subprime debacle, reports the AP. Barclays will offer up $8.85 billion in shares—with large stakes being purchased by Japanese bank Sumitomo Mitsui and the Qatar Investment Authority.

Barclays joined rivals in tapping into the wealth of Asian and Middle Eastern investors to strengthen its capital base as a sign that losses from the subprime mortgage market turmoil in the United States still wear on European banks.

Barclays may release the details of its planned £4bn fundraising as early as today after sounding out shareholders on the proposal since the weekend.

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Barclays says it will raise £4.5bn in a share issue to bolster its balance sheet.

Sumitomo Mitsui Financial Group may invest ¥100 billion in the British bank Barclays, people with direct knowledge of the matter said Friday, as Western lenders burned by the subprime crisis increasingly turn to Asia for funding.

Japan’s Sumitomo Mitsui Financial Group may invest about $926 million in British bank Barclays, people familiar with the matter told Reuters, the latest in a string of subprime-hit Western lenders increasingly turning to Asia for funding. Japan’s third-largest bank is also considering a business alliance in Asia with Barclays, which is expected to raise about $8 billion from sovereign ...

Barclays can raise up to £7bn to repair its stretched balance sheet under the mandate its shareholders provided at the last annual meeting.

Barclays may get $927 million from Japan's Sumitomo Mitsui FG, Nikkei reports; Sumitomo Mitsui will acquire 'several' percent stake in Barclays, Nikkei says; Sumitomo Mitsui, Barclays may announce their decision by end of June, Nikkei says; Analysis by David Threadgold, Fox-Pitt Kelton Financial Analyst

Barclays Rises to Two-Month High on Confirmation of Share-Sale Talks; BNP Paribas Rises After JPMorgan Says Worst of Credit Market Writedowns Now Over; European Inflation Acclerated to Highest in Sixteen Years on Higher Energy and Food Prices; According to Sunday Times, UBS Planning a Private Sale of Shares of Barratt Developments and Taylor Wimpey; ArcelorMittal Paying $869 Million to Increase St...

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