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Barclays reports first half profit slumps on conduct charges

Barclays reports first half profit slumps on conduct charges

Reuters · 07/28/2022 02:07
Barclays reports first half profit slumps on conduct charges

- Barclays ATMP reported first half profits fell more than expected as it took a 1.9 billion pound conduct charge mostly from covering the costs of having to buy back billions of dollars worth of securities it sold in error.

The British lender on Thursday reported profits before tax of 3.7 billion pounds ($4.51 billion) for the first six months of the year, down from 4.9 billion pounds in the same period a year ago and just below the average of analysts' forecasts of 3.9 billion pounds.


($1 = 0.8213 pounds)


(Reporting By Lawrence White, Editing by Iain Withers)

((lawrence.white@thomsonreuters.com; +44 20 7513 5083; Reuters Messaging: @ReutersLawrence))