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Monday, 27 June 2016

Taylor Wimpey capital fiasco creates quadruple crisis

Burning down the house

The UK housebuilder's failure to raise £500m doesn't just plunge it into turmoil. It deepens the crisis for the sector and for UK banks exposed to it. Finally, it exposes the flaws in the cunning new capital raising scheme pioneered with such fanfare by Barclays only last week.

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