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Sub-prime write-down at Barclays

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11-15-2007, 04:29 PM

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Sub-prime write-down at Barclays

Barclays, Britain’s third largest bank, said its investment bank unit made a £1.3 billion write-down due to its exposure to credit market problems in the 4 months to the end of October.Barclays will write down £500 million for the July-September quarter and a further £800 million write-down for October. The write-down was less than many [...]

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