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Barclays Bank profits down
Barclays Bank reports profits of £2.6billion for the last 6 months, 33% lower than the same period last year but slightly above the Bank's and analysts estimates.
Post Date: August 2nd, 2011
Barclays has also set aside £1billion for claims resulting from Insurance Policy mis-selling and they are not alone in this respect.
In a market that has absorbed the US debt ceiling agreement and has resumed a negative trend today, Barclays shares have opened 2% higher as the overall figures were not as bad as expected.
The markets await figures from both RBS and Lloyds Bank later in the week.»
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Post Date: August 2nd, 2011
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