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Friday, April 6, 2007

Barclays sells sub-prime business

Barclays Bank has sold most of its Monument sub-prime credit card unit in an effort to cut its bad debts. US-based Compucredit bought the Monument business for £390m ($769m), about £100m less than its book value.

Posted by tyrellcorporation @ 10:38 AM (806 views)

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