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Barclays PLC stands behind Middle East plan

On Tuesday Barclays (LON:BARC) caved in to the banks larger shareholders and changed the terms of its £7 billion capital raising plan, giving investors the chance to contribute in the issue of a security which will pay a 14 percent coupon.
Barclays (LON:BARC) also announced that in the bank’s annual meeting in April 2009 they [...]