Tuesday, Apr 22, 2008
So, there'll be no need for new capital for Barclays then...
IHT: Jan 23 2008: Barclays says no real change in exposures
Barclays said on Wednesday that if problems linked to its exposure to the credit market crisis had materially changed since an update two months ago, it would have announced them.
Barclays made a 1.3 billion pound writedown for losses on securities linked to the U.S. subprime housing crisis on November 15 and outlined its remaining exposures in the collateralised debt obligations market and other areas.
"If there was anything materially different from then we'd have to make a report," Bob Diamond, president of Barclays and head of its investment bank arm, told CNBC television.
Posted by lvmreader @ 10:17 AM (272 views) Add Comment
4 Comments
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1. whiteknight said...
they have got their best risk guys on it
2. whiteknight said...
....
3. jack c said...
Widely expected to be the next Bank after RBS to go for a rights issue
4. lvmreader said...
So tell me, is Mr Diamond lying or clueless?