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Barclays’ profits doubled in 2021

LAST UPDATE 09:20

Barclays said annual profits had doubled as bad credit charges fell and the investment bank continued its strong performance amid market volatility during the pandemic.

The British bank announced pre-tax profits for 2021 at 8.4 billion pounds ($ 11.42 billion), higher than the 3.1 billion pounds a year ago and higher than estimated at 8.1 billion.

The British bank announced it would buy 1 1 billion worth of treasury shares and raise its full-year dividend to 4 pence per share, in the first briefing to investors since Venkatakrishnan took over as chief executive after his departure. Jes Staley in November.

Staley left amid a dispute with British financial authorities over how he described his relationship with sex offender Jeffrey Epstein.

Source: Capital

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