Barclays plans £5.8bn cash call

Press Association

Banking giant Barclays has revealed plans for a mammoth £5.8 billion investor cash call to meet City regulator demands to shore up its finances.

The group is to tap investors by issuing new shares at a discounted price as part of a fundraising to boost its balance sheet by another £12.8 billion - on top of billions of pounds already being raised by the bank to build up a cushion against future financial shocks.