Barclays 'months away' from completing overhaul as profits surge

Barclays boss Jes Staley said the British bank is "just months away" from completing an overhaul as he unveiled a surge in annual profits.

The lender said bottom-line group profits nearly trebled to £3.23 billion from £1.15 billion a year earlier, while it posted a 4% rise in underlying pre-tax profits to £6.4 billion for its core business - Barclays UK and Barclays International.