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

The U.K. bank’s net loss was £1.92 billion ($2.67 billion), part of which was a one-off £900 million charge on U.S. deferred tax assets. The group’s pre-tax profit, however, rose by 10 percent to £3.54 billion in 2017, and customer deposits increased 2 percent to £193.4 billion.

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.