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PBR: Rights issues too slow, says Darling

The Chancellor has attacked the system of funding through rights issues as “too slow”.

In his pre-Budget report, Alistair Darling told the Commons that banks must explore new ways of raising capital aside from the traditional capital rights issues.

Darling says: “A strong banking system is vital to the economy. We need to explore further ways to help lending for businesses and families.

“The process of raising funding from rights issues is too slow and alternatives must be explored.”

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