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Barclays registers 21% fall in pre-tax profits in 2014

  • 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.

    Tagged as: Barclays, yearly profits, pre-tax profits, banking group, currency markets manipulation, business news