High & Low Finance: Barclays, Caught Short, Is Now in a Bind

wochit business
August 01, 2013 AT 4:53 PM
A British regulator finds that Barclays is seriously undercapitalized, and the bank doesn't have much time to fix that.Shares of Barclays lost 10 percent of their value after the company disclosed that its capital,as seen by the regulator,needed to grow by 38 percent to be adequate under new rules, unless the bank reduced its assets.