UK economy not ‘out of the woods’, says Barclays boss after bank’s record profit
by Kalyeena Makortoff Banking correspondent from Economics | The Guardian on (#6B73J)
Venkatakrishnan says bank remains cautious about months ahead despite first-quarter profit of 2.6bn
The British economy is still not out of the woods", according to Barclays' chief executive, who said the bank would remain cautious in the months ahead despite making its strongest quarterly profit since 2011.
CS Venkatakrishnan said: The macro-economic outlook around the world - not only the UK or in the US - is a little better today than it was six months ago. That doesn't mean they're out of the woods."
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