Barclays profits almost halved to £1.5bn after US trading blunder
by Kalyeena Makortoff Banking correspondent from World news | The Guardian on (#61WZ9)
Chief executive announces external review into error and says appropriate action will be taken
Barclays has revealed a 40% slump in profits after putting aside 1.3bn to cover a US trading blunder.
The UK bank said pre-tax profits fell between April and June - from 2.5bn a year earlier to 1.5bn - falling short of the analysts' consensus forecast of 1.6bn.
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