31.10.2008 - Barclays close to sealing a deal with Qatar over big cash injection
From UK Press: Barclays is on the verge of securing a £6 billion capital injection from Middle Eastern investors in a move that will enable the bank to avoid using the Government for financial support. Bosses are understood to be finalising deals with the Qatar Investment Authority (QIA) and an Abu Dhabi-based sovereign wealth fund. A formal announcement could be made later on Friday. If completed, the fund raising will help Barclays' chief executive John Varley recapitalise the bank without Government help...... Full Article: Source