UK banking shares heading for further losses

Banking shares were today heading for a second successive session of losses amid renewed speculation over the state of Barclays’ balance sheet.

UK banking shares heading for further losses
Thu, 15 May, 2008 - 15:21

Banking shares were today heading for a second successive session of losses amid renewed speculation over the state of Barclays’ balance sheet.

The group unveiled a £1bn first quarter write-down due to credit market difficulties and said it was still considering its fundraising options, including the possibility of a rights issue.

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