Africa

US tax reform, litigation costs push Barclays into red

LONDON: Barclays fell into the red last year on the sale of its African business, litigation costs and one-off impact from the US tax reforms, the British banking giant said on Thursday (Feb 22). The bank posted a net loss of £1.92 billion (US$2.7 billion) in 2017 compared with profit of £1.62 ....