Barclays profits up 12% despite rate-rigging scandal

Barclays took an additional £750m hit to cover alleged involvement in the foreign exchange rate-rigging scandal as it announced a rise in annual profits today.

Barclays profits up 12% despite rate-rigging scandal

Barclays took an additional £750m hit to cover alleged involvement in the foreign exchange rate-rigging scandal as it announced a rise in annual profits today.

Chief executive Antony Jenkins said the group was stronger than at any time since the financial crisis as it announced a 12% rise in adjusted pre-tax profits to £5.5bn.

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