July 29, 2020

Barclays bank says first-half profit sinks 66% on virus

London (AFP) – British bank Barclays said Wednesday that first-half net profits sank by two thirds, as it set aside £3.7 billion ($4.7 billion, 4.0 billion euros) to deal with coronavirus fallout.Profit after taxation dived to £695 million in the six months to the end of June, compared with £2.07 billion in the same portion of 2019, Barclays said in a results statement.And net profit tanked 91 percent to just £90 million in the second quarter, when it took a £1.6-billion hit from pandemic turmoil.Barclays had already announced in April a £2.1-billion charge on the impact of coronavirus for the…

source https://this.kiji.is/en/661100773822579809?c=648607265489716321

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