November 15, 2007

Barclays $2.7 bln writedown less than feared (Reuters)

The logo of Barclays bank is seen at a branch in central London April 20, 2007. Barclays Plc, Britain's third-biggest bank, unveiled a 1.3 billion pound ($2.7 billion) writedown on its exposure to credit market problems on Thursday, less than was feared. (Toby Melville/Reuters)Reuters – Barclays Plc , Britain’s
third-biggest bank, unveiled a 1.3 billion pound ($2.7 billion)
writedown for losses on securities linked to the U.S. subprime
housing crisis, less than was feared.

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