Tag: barclays
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Barclays profits plunge 66% for the first half of 2020 as it sets aside $4.7 billion to brace for pandemic pain
Reuters Barclays reported a 66% plunge in profits for the first six months of the year, hurt by declining business in its UK group. Profits attributable to shareholders dropped to $899 million in the first half, down from $2.6 billion last year. The British bank set aside £3.7 billion ($4.7 billion) in anticipation of bad…