Barclays Plc, Britain's third-biggest bank, unveiled a 1.3 billion pound ($2.7 billion) writedown for losses on securities linked to the U.S. subprime housing crisis.
In related news...
Capital One Financial said it expects to take a writedown of about $5 billion. Washington Mutual said it will take $2.7 billion to $2.9 billion in writedowns because of falling home values (and at least one analyst at Lehman Brothers expects that amount actually to be closer to $3.8 billion).
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