Barclays Credit Losses Rumour

There is some talk doing the rounds that Barclays have suffered big losses in the credit market crisis, with figures of £10 billion worth of write-downs being whispered. If that were true we could expect at least 15% of Barclays’ value to be wiped off.

The rumour comes on a day when US stocks are already indicated to suffer major falls as renewed dollar weakness maintains pressure on equities.

An already nervous market is on red alert for any mention of credit losses and this rumour has proved particularly unnerving at the end of a very difficult and volatile trading week.