Barclays posts strong results but warns of difficult times ahead
The bank’s consumer, cards and payments business made a profit of £165m in the quarter after a loss in the second quarter
23 October 2020 - 11:13
London — Barclays reported stronger than expected third-quarter results on Friday as its consumer businesses swung back into profit and bad loan provisions fell, though the bank warned that the economic outlook was getting worse.
Barclays is the first major British bank to report third-quarter earnings and analysts and investors are watching results closely for any signs of an expected wave of bad loans due to the fallout from Covid-19 pandemic...
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