Barclays to Sell Shares to Fill Big Capital Hole

British bank Barclays said Tuesday it will sell 5.8 billion pounds ($8.9 billion) in new shares to make up for a big capital shortfall on its balance sheet and satisfy new regulatory requirements meant to prevent a repeat of the 2008 crisis. Shares in the company plunged almost 7 percent on the news.

by via Yahoo! Finance: Top Stories