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Barclays Bank raises £7 billion from Middle East investors

News that Barclays Bank has raised £7 billion from the Royal families of Abu Dhabi and Qatar has met with howls of criticism in the UK. The move has been slaughtered simply because Barclays Bank chose to raise capital in the Middle East with no restrictions rather than the government's bailout which has been on offer for some time.

By accessing the UK government rescue fund this would have seen a number of restrictions and terms forced upon Barclays Bank and the way in which they operate. Not only has the £7 billion allowed Barclays to strengthen its balance sheet but it will also allow the company to pay large bonuses to its top staff. This is sure to cause real problems with the likes of HBOS, Royal Bank of Scotland and Lloyds TSB who had little opportunity to raise capital elsewhere and are therefore restricted by various government terms.

There is even speculation that Barclays bank may be able to attract some of the top players in the UK financial industry as they will be one of the few top banks able to operate as they like and pay substantial staff bonuses.

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