BOE: British banks must raise extra £25B by year-end.

 U.K. banks must raise another £25B by the year-end to protect themselves from potential losses, the Bank of England has said, with the sector facing a total capital shortfall of £50B. The news sent the FTSE, U.S. stock futures and the pound-dollar lower, although Barclays (BCS) and Lloyds (LYG) were higher at midday in London. HSBC (HBC) and RBS (RBS) were down.