Financial Implications of Barclays' Announcement

Thursday, 15 Nov 2007 | 4:10 AM ET

Barclays unveiled a $2.7 billion writedown at its investment unit Barcap on Thursday, due to its exposure to the credit market. CNBC's Ross Westgate talks to Thomas Tilse, head of portfolio strategy at Cominvest AM, and Nicu Harajchi, managing director at N1 Asset Management, about the financial implications of Barclays' announcement.