Barclays stress test signals no new funds

Discussion in 'Wall St. News' started by Cdntrader, Mar 26, 2009.

  1. Barclays stress test shows no need for new funds, report says
    By MarketWatch
    Last update: 8:23 p.m. EDT March 26, 2009

    Barclays PLC's loan book is in the final stages of
    an extreme stress test by the U.K.'s Financial Services Authority, the Financial Times reported on its Web site Thursday, without citing sources.
    The regulator will conclude the testing of the bank's books - designed to ensure a bank can survive a severe economic downturn - in the next few days. There are indications Barclays doesn't need any fresh capital, the FT reported.
    Barclays must decide by Tuesday whether to accept government help through the Treasury's toxic asset insurance scheme, the newspaper said.
    Full story: