Buxton wants higher capital ratios
Monday 24 October 1994
Barclays and TSB denied press reports that they were planning imminent buy-backs of shares to return a total of 2bn pounds of cash to shareholders.
Barclays has been reviewing its capital needs since the spring. In August it offered to buy back several hundred million dollar's worth of subordinated debt. A spokesman said further moves were possible but reports were spueculative.
A TSB spokesman said it had no immediate plans although it has shareholder approval for a buy-back of up to 15 per cent, or nearly 500m pounds.
Both banks has core 'tear 1' capital-to-asset ratios well above the 4 per cent minimum.
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