British bank Barclays said on Wednesday that its first-half net profits sank by two thirds, as it set aside £3.7 billion to deal with coronavirus fallout.
British bank Barclays said on Wednesday that its first-half net profits sank by two thirds, as it set aside £3.7 billion to deal with coronavirus fallout.
And net profit tanked 91 percent to just £90 million in the second quarter, when it took a £1.6-billion hit from pandemic turmoil. “The COVID-19 pandemic has caused disruption to the Barclays Bank UK Group’s customers, suppliers and staff,” it said in Wednesday’s statement.
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