1. Barclays Will Take a $1.3 Billion Writedown Because of US Tax Reform

    Barclays Will Take a $1.3 Billion Writedown Because of US Tax Reform
    • Barclays will take a $1.3 billion writedown because of US tax reform.
    • The bank says the tax overhaul will cause its tier 1 capital to fall by about 20 basis points.

    (Reuters) - Barclays expects to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday...

    Read Full Article

    Login to comment.

  1. Categories

    1. BoardProspects Features:

      BoardBlogs, BoardKnowledge, BoardMoves, BoardNews, BoardProspects Announcements, BoardProspects CEO, CEO Blog, In the News, Partner Publications, Sponsored Content
  2. Quotes

    1. Due to the uncertain practical and technical application of many of these provisions, it is currently not possible to reliably estimate whether BEAT will apply and if so, how it would impact Barclays.
  3. Topics Mentioned