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Thursday, November 15, 2007

Barclays $2.7 Billion Writedown

by Calculated Risk on 11/15/2007 10:13:00 AM

Apparently this was better than expected. From the WSJ: Barclays Ends Speculation Over Subprime Exposure

Barclays PLC Thursday disclosed net charges and write-downs totaling £1.3 billion ($2.67 billion) ... in a move to end speculation over the size of its exposure to the subprime mortgage crisis.
...
The figure was lower than expected ...
Another visit to the confessional.