Barclays has lost $548 million 2016-03-02 09:04:23

The net loss of one of the largest British banks in 2015 equaled $548.7 million. The costs were mainly caused by the restructuring process and a large number of compensations. Due to the negative data, the bank’s management has decided to sell its African department. Within the next 2 years, the bank will sell its full stake in Barclays Africa Group. It’s worth noting, that from the beginning of this year, Barclays shares have already fallen by 21%.

The negative statistics have influenced the Barclays shares to show a record decline of 9.24%. The asset continues to decrease in value, which gives traders an excellent opportunity to earn money. Trading will be available during the European session, from 7:00 to 15:30 GMT time.