Barclays registers 21% fall in pre-tax profits in 2014
March 3 , 2015
Barclays has posted a 21% fall in yearly profits to £2.26 billion for 2014.
The steep fall in the banking group’s pre-tax profits is being attributed to the amount set aside by Barclays to cover a potential fallout from an investigation into the currency markets manipulation.
This provision was increased from £750 million to £1.25 billion.
If this and similar provisions are excluded, the profits registered a 12% increase, according to the bank.