Barclays Chief Says Worst of Crisis Is Over (The New York Sun)
Story date: 2008-08-07 06:29:40
Added on: 2008-08-07 19:20:50
LONDON — The danger of a systemic banking failure has passed and the worst of the credit crisis is over, the chief executive officer of Barclays', John Varley, said yesterday. Announcing a 33% fall in first-half profits to 2.75 billion pounds, Mr. Varley accepted that "the world ahead is not going to be an easy place," but said: "The moment of greatest potential stress is now behind us." "The ...
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