Barclays Writes Down $2.7 Billion on Mortgage Losses (Update7)
Story date: 2007-11-15 10:04:00
Added on: 2007-11-15 13:24:37
Bloomberg - Nov. 15 (Bloomberg) -- Barclays Plc, the U.K.'s third-biggest bank, wrote down about 1.3 billion pounds ($2.7 billion) of credit-related securities tied to the U.S. subprime-mortgage market collapse. Net charges and writedowns were 500 million pounds ...
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