Barclays Sets Profits Pace

Summary


Barclays unveiled annual profits of pounds 5.28bn yesterday ( the first tranche of the pounds 34bn of earnings expected to be announced by the UK's biggest banks.

The 15% improvement was in line with expectations, but included a 19% drop in profitability at Barclaycard after a greater hit on bad debts.

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Extract


Barclays Sets Profits Pace

High-street banking profits were up 8% to pounds 2.45bn, but the main driver of growth came from investment bankin...

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