October 4, 2022

How Barclays turned a US$10 bil profit into a tax loss

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By Reuters From the Edge Markets LONDON (April 29): When Barclays Plc sold a fund management business to U.S. financial group Blackrock Inc. in 2009, the larger-than-expected US$15.2 billion price tag was not the only good news for the British bank’s investors. The way Barclays structured the sale — by booking part of the proceeds […]