Barclays Profits Drop 33%

Summary


Banking giant Barclays saw profits drop by a third to pound(s)2.6 billion in the first half of the year as the payment protection insurance scandal took its toll.

The group, one of Britain's top five banks, set aside pound(s)1 billion in the six months to June 30 to cover compensation for customers who were mis-sold PPI.

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Barclays Profits Drop 33%

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