Second major bank takes financial hit from Carillion collapse
Barclays is the latest bank to have revealed a financial hit as the result of the collapse of Wolverhampton-based construction and facilities management group, Carillion.
Announcing its full year results, the bank said a sizeable portion of a £127m charge on its latest quarterly accounts related to collapse.
The revelation comes days after HSBC revealed a £500m hit to its profits as a result of exposure to Carillion and Steinhoff, the South African parent of Black Country-based retailer, Poundland.
Barclays, along with HSBC... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
