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Barclays falls to a $2.7 billion net loss in 2017 after US tax hit

Barclays Canary Wharf

Barclays posted a significant loss on its full-year 2017 profits, hit in part by the U.S. tax overhaul and a weaker dollar. Barclays also announced a restoration of its dividend to 6.5 pence per share for 2018, more than double the last year's full-year dividend of 3 pence. "2018 will be the first year in five years that this bank begins with a clean operating model,"...

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The Fed seeks to permanently bar Barclays trader

The Federal Reserve Board on Friday announced that it is seeking to permanently bar Peter Little, the former head of the foreign exchange (FX) spot desk at Barclays Bank in New York, from employment in the banking industry and to impose a $487,500 fine on him.

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