Barclays first-half net profit soars 68% amid restructuring | Bangkok Post: news

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Barclays first-half net profit soars 68% amid restructuring

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Britain's scandal-hit Barclays bank posted a 68-percent jump in first-half net profits on Wednesday, as it pushed ahead with a major restructuring that will shrink its investment bank division. 

Barclays said Wednesday that first-half net profits surged 68 percent, despite a poor performance at its investment banking division

Earnings after taxation surged to pound sterling1.13 billion ($1.9 billion, 1.4 billion euros) in the six months to June, from pound sterling671 million a year earlier, Barclays said in a results statement.

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