Barclays stock hit by £5.8bn cash call to plug shortfall

Barclays will issue £5.8bn in new shares as part of a move to plug a £12.8bn capital shortfall created by new regulatory demands.

Libor scandal: Bank of England refused to take responsbility for regulating Libor

The Bank of England has been accused of refusing to lead the reform of the discredited Libor system after failing to act on warnings more than four years ago over interest rates rigging by the banks.