By Owen Walker
Barclays has delayed its £1bn share buyback programme as the British bank prepares to pay customers £450mn for losses made in its US structured products business. The number of structured securities Barclays issued in 2019 exceeded the level of interest, which means the bank expects to pay customers £450mn to unwind the transactions based on […]
Barclays expects £450mn hit in US structured products unit
Source: Barclays expects £450mn hit in US structured products unit
Category: Finance, ‘hit, 450mn, Barclays, expects, products, structured, unit
