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

Business Insider
  • 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...

Mentions: Barclays Tax Reform