Barclays profits up 9% despite bad debts surge

UK banking giant Barclays overcame a surge in bad debt levels at Barclaycard to post better-than-expected half-year profits of £2.69bn (€3.9bn) today.

Barclays profits up 9% despite bad debts surge

UK banking giant Barclays overcame a surge in bad debt levels at Barclaycard to post better-than-expected half-year profits of £2.69bn (€3.9bn) today.

The 9% rise in profits followed record results in investment banking and strong performances from international and commercial banking.

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