LONDON/FRANKFURT (Reuters) - A $9 billion rights issue and a fresh purge of assets are among the measures Britain's Barclays and Germany's Deutsche Bank announced on Tuesday to meet tougher rules on risk, raising concern among investors that regulators will push other European banks into similar action. Unlike their U.S. rivals, which were quickly restructured and recapitalised in the heat of the financial crisis, Europe's banks are still trying to extricate themselves from the legacy of 2007-09, with regulators in Britain and on the continent worried that some of them are still too big to fail.
Reported by Firstpost 4 hours ago.
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