Thursday, Nov 15, 2007
Another bank discloses credit crunch hit
Times Online: Barclays discloses £1.3bn credit crunch hit
Britain's third-largest bank says it still has £2.6bn of exposure to the US mortgage market and has £7.3bn of unsold leveraged loans
Posted by peter @ 08:30 AM (269 views) Add Comment
2 Comments
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1. Mr Plumbase said...
Still, never mind, just put up bank charges for existing customers and you"ll soon have all that money back.
2. Stevie Dee said...
Goldman Sachs mention last week that their exposure to the subprime debacle is less than what was expected and the dow rises 350 points (2.2% up).. and Barclays coming out with £800 billion, coming in lower than expected, and the ftse is down 81 points (1.27%), I wonder if there is any message or link in this observation?