Barclays PLC reports loss of US$1.94 billion in Q1

AP
Friday, May 16, 2008

LONDON -- Barclays PLC said Thursday that its investment banking unit lost 1 billion pounds (US$1.94

billion, euro1.26 billion) in the first quarter due to credit-market turbulence, but the bank surprised some analysts by not announcing a rights issue as some of its peers have. The Barclays Capital investment banking unit was nonetheless profitable during the quarter despite the losses, Barclays said.

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Barclays PLC reports loss of US$1.94 billion in Q1

APFriday, May 16, 2008

AP
Friday, May 16, 2008