Barclays: One-winged dove

Barclays has made a peace offering, but it’s only a limp olive branch. The UK bank has been scrabbling for a way to placate angry shareholders. Barclays has made some gestures. It seems to think they are sufficient – and is effectively daring shareholders to say otherwise. The bank started to court displeasure by failing to raise capital earlier in the year when it was still relatively strong. Then it turned down capital on offer from the UK authorities to pursue a do-it-yourself scheme instead...