Barclays Reports 2018 Results; Non-U.K. Business Shows Positive Development
Barclays reported profits before tax of GBP 3.5 billion for full-year 2018, unchanged from last year. Results were again held back by litigation and conduct charges totaling GBP 2.2 billion, slightly up from 2017 as a result of the GBP 1.4 billion settlement regarding the residential mortgage-backed securities case in the U.S. and GBP 0.4 billion in payment protection insurance charges. Adjusted for this, profits before tax increased 20% to GBP 5.7 billion as higher net trading income more than ...
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