Barclays writes down $2.7 billion on mortgage losses
(Agencies)
Updated: 2007-11-16 16:26
Updated: 2007-11-16 16:26
 A Barclays branch in London. 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, Bloomberg reported on Thursday.[Agencies] |
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