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Barclays takes hit of £1.3bn from crisis

 Home  Nov, 2007

Barclays takes hit of £1.3bn from crisis - Barclays, Britain's third-largest bank, today admitted has taken £1.3bn hit past four months from credit crisis that is wreaking havoc world financial markets Barclays High Street 'faces tough Christmas' - A rush of profit warnings from struggling retailers is expected as shoppers desert High Street High street shoppers



Barclays takes hit of £1.3bn from crisis  [11/15/2007 01:17 PM]
Barclays, Britain's third-largest bank, today admitted it has taken a £1.3bn hit in the past four months from the credit crisis that is wreaking havoc in world financial markets Barclays
High Street 'faces tough Christmas'  [11/15/2007 01:17 PM]
A rush of profit warnings from struggling retailers is expected as shoppers desert the High Street High street shoppers
Market report: Thursday latest  [11/15/2007 01:17 PM]
12.45:It was a long time coming, but the £1.3bn write-off against duff loans by Barclays was a lot less than the market feared, pushing stocks higher Asian stock market trading room
The 100% charity Christmas card  [11/15/2007 01:17 PM]
Selfridges today claims to be the first British shop to sell a 100% charity Christmas card
OFT attacks banks over 'stealth' charges  [11/15/2007 01:17 PM]
Banks have been accused of using 'stealth' to generate huge profits through penalty fees in an extraordinary attack by the boss of the Office of Fair Trading OFT boss John Fingleton
70 towns want to ban plastic bags  [11/15/2007 01:17 PM]
More than 70 towns across Britain are lobbying the Government for a change in the law that would give them the right to ban plastic bags Morrisons - shopping bags
Alex Brummer: Fasten your seatbelts  [11/15/2007 01:17 PM]
Comment:Mervyn King's speech yesterday represents a seismic change of thinking at the Bank, which is now far gloomier than Whitehall about Britain's economic prospects Alex Brummer
Bank signals rates to drop next year  [11/15/2007 01:17 PM]
Hard-pressed homeowners can look forward to three cuts in interest rates next year, City economists predicted today, after the Bank of England declared inflation under control Bank of England
Plans made to 'nationalise' Northern Rock  [11/15/2007 01:17 PM]
Exclusive:The Treasury is drawing up secret plans for the effective 'nationalisation' of Northern Rock amid fears that billions of pounds of taxpayers' cash could be lost Northern Rock and Alistair Darling
Bird flu could lead to £100 Christmas turkey  [11/15/2007 01:17 PM]
Bird flu could cause the price of Christmas turkeys to rocket this year, with organic birds likely to cost more than £100 Bird flu turkey
Fraudsters clone cards on tube machines  [11/15/2007 01:17 PM]
Tube commuters are having their bank cards cloned in a massive new wave of attacks by identity thieves Skimming device
Water firm faces £20m fine for 'deception'  [11/15/2007 01:17 PM]
Southern Water faces a £20.3m fine for failures in its customer service operation Bath plug
First-time buyers worst off for 16 years  [11/15/2007 01:17 PM]
First-time homebuyers are feeling the pain of higher interest rates with mortgage payments swallowing up more of their income than at any time for 16 years House buyer
Profit boost soothes Sainsbury bid woe  [11/15/2007 01:17 PM]
Sainsbury's today put aside the fallout from the collapsed bid by a Qatari investment fund to report booming profits and insist it has an independent future Sainsbury's store
HSBC admits threat from US property  [11/15/2007 01:17 PM]
HSBC today admitted that it remains vulnerable to a further weakening in the US housing market, as it revealed its exposure to bad subprime debt HSBC illuminated globe sign
Green rides the Asian tiger  [11/15/2007 01:17 PM]
HSBC's trading statement could have been a great deal worse. As expected, there are further writedowns of £1.7bn, but only half relate to the American mortgage market.
Brave move in times of change for property  [11/15/2007 01:17 PM]
The decsion by Britain's biggest property company to split itself into three quoted companies is a momentous leap of faith
End this energy-sapping saga  [11/15/2007 01:17 PM]
Gas and electricity companies are guilty of intransigence when faced with customer complaints and ineptitude when it comes to tackling basic issues
30 second guide to the Interest Rate Curve  [11/15/2007 01:17 PM]
The Daily Mail City desk looks at the workings of the Interest Rate Curve