Barclays profit drops in first quarter on higher costs
Barclays posted an 18% reduction in net earnings in the first quarter due to litigation and bad debt losses on Thursday. Profit after tax declined to £1.4 billion ($1.8 billion, 1.7 billion euros) compared with the first three months of 2021, Barclays said in an earnings statement. Barclays booked an already-flagged litigation hit of £500 million … Read more