Barclays bank: First-quarter profits halve, takes new forex charge
British bank Barclays
London - Arab Today
British bank Barclays said Wednesday that first-quarter net profits halved after taking another £800 million ($1.2 billion, 1.1 billion euros) provision for costs over its alleged role in foreign exchange market rigging.
Net profit or earnings after taxation sank 52 percent to £465 million in the three months to the end of March, compared with a year earlier, Barclays said in a results statement.
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