With DoJ settlement and restructuring efforts complete, Barclays focuses on operational performance.
Higher litigation charges paired with weak operating results did not go well for no-moat Barclays in the first half of 2018. Despite better consumer and business income generation in the U.K., up 4% and 2%, respectively, year over year, weaker personal banking (down 4%) due to one-offs and structural reforms between U.K. and international meant that income from Barclays UK declined marginally by 1%. Profit before tax grew to GBP 826 million for the first half compared with GBP 634 million last y...
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