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US tax reform pushes Barclays to FY'17 loss of £1.92B

Barclays Plc reported a full-year 2017 group loss after tax attributable to ordinary equity holders of the parent of £1.92 billion, compared to a profit of £1.62 billion in 2016.

The result included a one-off charge of £1.18 billion due to the reassessment of its deferred tax assets in the U.S. as a result of the recent U.S. tax reform.

For the fourth quarter of 2017, the British bank reported group loss after tax attributable to ordinary equity holders of the parent of £1.29 billion, compared to the year-ago profit of £99 million.

More details to follow.