Barclays Profits Drop

Published July 29, 2020 16 Views

Rumble Barclays reported a 66% plunge in profits for the first six months of the year.
The bank was hurt by declining business in its UK group.
Business Insider reports that profits attributable to shareholders dropped to $899 million in the first half.
That's down from $2.6 billion last year.
The British bank set aside $4.7 billion in anticipation of bad loans related to the crisis period.
Barclays trading division posted a 60% jump in trading revenues in foreign-exchange, rates, and credit trading.