Barclays Profit Rises; Sets Aside More for Currency Probe
Barclays Investment Bank Pretax Profit Up 37%
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Barclays Plc set aside an additional 800 million-pound ($1.2 billion) provision toward settling allegations it rigged currency benchmarks as it post first-quarter profit that matched analyst estimates.
Pretax profit, including restructuring costs, rose to 1.8 billion pounds from 1.7 billion pounds from a year earlier, Barclays said in a statement on Wednesday. That matched the average estimate of six analysts compiled by Bloomberg.