Summary
BARCLAYS' attempts to quash fears of a Pounds 10bn sub-prime hit did nothing for its share price, which sank a further 212p to 53012p.
It brought forward a trading update set for November 27 to reveal a Pounds 1.3bn write-down has been made on its US sub-prime mortgage investments so far.See the full content of this document
Extract
Barclays Takes a Big Sub-Prime Hit
Chief executive John Varley insisted that the bank had taken a 'conservative' view of its exposure t...
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