Barclays makes subprime writedown
LONDON (Reuters) – Barclays Plc , Britain’s third-biggest bank, said its investment bank unit made a 1.3 billion pound ($2.7 billion) writedown due to its exposure to credit market problems in the four months to the end of October.
SEOUL (Reuters) – Citibank will “aggressively” consider launching a holding company in South Korea, in line with revised local laws, and will expand distribution channels to grow its market share, the head of its Korean unit said on Thursday.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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