UK government officials warned Barclays on Monday that its balance sheet would be subject to forensic Treasury examination if it decided to dump toxic assets on the taxpayer, amid signs that the bank could face a higher-than-expected bill to join the UK’s asset insurance scheme. Ahead of a March 31 deadline for applications to join the scheme, Barclays  is studying the terms of the Lloyds deal to insure £260bn of assets. It has submitted three portfolios of assets with an aggregate value of less than £10bn to the Treasury for assessment.

This entry was posted by Gwen Robinson on Tuesday, March 10th, 2009 at 5:06 and is filed under Capital markets. Tagged with barclays. Edit this entry.