Barclays Bank. (Photo: Reuters) Barclays reported a 1.2 billion pound ($1.57 billion) attributable first half loss on Friday after taking a 2.5 billion pound hit from the sale of its Africa business and calling an end to its restructuring. The British bank said it had made a 1.4 billion pound loss on the sale of 33 per cent of Barclays Africa Group, and took a further 1.1 billion pound impairment charge on the sale. Barclays in June cut its stake in Barclays Africa Group to 15 per cent, ending more than 90 years as a major presence in the continent as it shifts its ...
Barclays suffers $1.6 bn loss from Africa sale
The British bank said it made a 1.4 bn pound loss on sale of 33% of Barclays Africa Group