Barclays to spin off risky credit assets.LONDON: Barclays plans to spin off complex credit assets worth four billion pounds as the British bank looks to further clean up its balance sheet, the Financial Times reported Monday. Barclays will shift the equivalent of 4.3 billion euros or 6.3 billion dollars from its balance sheet to ease shareholder concerns over its investments, according to people familiar with the matter, added the FT. The bank refused to comment on the report when questioned by AFP (1) (AppleTalk Filing Protocol) The file sharing protocol used in an AppleTalk network. In order for non-Apple networks to access data in an AppleShare server, their protocols must translate into the AFP language. See file sharing protocol. . Any spin-off would echo a similar transaction undertaken by Barclays last month with assets worth 12.3 billion pounds, added the FT sources. Reacting to the report, ETX ETX - End Of Text Capital trader Manoj Ladwa said Eoe1/4EoBarclayEoe1/4aos plans to rid itself of a further four billion pounds of potentially toxic assets will be welcomed by the markets." Muscat Muscat, Maskat, or Masqat (all: mŭs`kăt, mŭs`kət), city (1993 pop. 533,774), capital of Oman, SE Arabia, on the Gulf of Oman. It is flanked by rugged mountains. Press and Publishing House SAOC SAOC Studies in Ancient Oriental Civilization SAOC Sunbeam Alpine Owners Club (UK) SAOC Sector Air Operations Center SAOC South African Orchid Council SAOC Submariners Association Of Canada (Gloucester, ON, Canada) 2009 Provided by Syndigate.info an Albawaba.com company |
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