Barclays shares have rallied following the news the UK bank has accepted €8.2bn in three-year loans from the European Central Bank's latest lending programme.
In a reversal of its previous stance, Barclays confirmed it had borrowed the money this morning. The news lifted shares on a day when UK markets were lower, with Barclays up 2.4% or 5.9p, to 257p. Peers HSBC, RBS and Lloyds are also understood to have tapped the ECB's Long Term Refinancing Operation (LTRO), with UK banks borrowing a total of £31bn (€37.4bn) according to reports. Barclays said in a statement: "The funds provided through this facility will be used to manage the risk associated with mismatches between Barclays euro-denominated assets and deposits in markets where Barc...
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