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© Reuters. PHOTO FILE: The Barclays logo is seen in front of displayed stock graph in this illustration taken June 21, 2017. REUTERS / Dado Ruvic / Illustration / File Photo
LONDON (Reuters) – Barclays (LON 🙂 has fired the starting gun on a 1 billion pound share buy-back program aimed at reducing its share capital after refiling accounts with US authorities on Monday.
The British lender was forced to resubmit its 20-F accounts after it discovered in March it had sold more than $ 15 billion of complex securities than it had permission to sell.
The buy-back, which was put on hold pending the new submission, will begin on Tuesday and end no later than September 30.
Barclays has instructed JP Morgan Securities to conduct the buy-back.
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