First-quarter net profit at Barclays PLC rose 12 percent from a year ago as investment banking profits surged from the acquisition of U.S. assets of bankrupt Lehman Brothers, though the bank posted a steep 79 percent increase in writeoffs on bad investments due to the financial crisis.
Barclays bank H1 net profit up 29 pct to $3.9B
Barclays PLC says that its net profit rose 29 percent in the first half to 2.4 billion pounds ($3.9 billion) and provisions for bad loans fell by a third.
Barclays bank says 1Q net profit up 12 pct
Barclays PLC, the British bank that stood apart from its peers by shunning a government bailout, on Thursday posted a sharp rise in first-quarter net profit after its investment banking...
Barclays bank 1H net profit up 10 percent
Banking group Barclays PLC said Monday that first-half net profit increased 10 percent on stronger earnings from its investment banking division, although losses from bad loans rose steeply...
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