Lloyds to convert?
It's slightly odd that the penny should at last have dropped for investors - that if Barclays says it's profitable and doesn't need to raise new capital, then that's to be believed.
For a bank to have to give this reassurance in the form of an open letter from the chairman and chief executive is highly unusual. And the message they delivered wasn't new.
The bank has been shouting that it's in reasonable nick for 10 days, ever since the steep slide in its share price began.
Only belatedly have investors realised that Barclays could not make such confident statements without the approval of its auditors and also that of the City watchdog, the Financial Services Authority - and that surely they can't all be wrong.
What's good for Barclays' share price has also had a more modest positive effect on shares in Lloyds.
As for Lloyds, I'm hearing that it may yet follow the lead of Royal Bank of Scotland by converting £4bn of preference shares held by the government into ordinary shares.
That would save it just under £500m a year in dividend payments, but would see taxpayers' stake in Lloyds rise to well over 50%.
Lloyds has been signalling that it does not want to be nationalised to that extent. If it's so desperate to prevent public ownership going through the 50% threshold, it could try to persuade UK Financial Investments, which holds the investment on behalf of the Treasury, that the new shares should not carry any votes.