Banks said to need more capital
Barclays and Royal Bank of Scotland will need to raise billions to meet regulatory requirements on capital due to come into force in 2010, JPMorgan said yesterday. JPMorgan analyst Carla Antune da Silva said Barclays would need to find another £12.8bn and RBS £8.5bn to comply with rules requiring banks to set aside capital against their trading books. She said HSBC also had a shortfall of some £3bn.