Barclays Bank has today revealed that pre-tax profits fell 33% in the first six months to the end of June following more write-downs.Barclays made £2.75 billion, compared with £4.1 billion in the same period last year.John Varley, chief executive of Barclays, described the results as disappointing and apologised to shareholders who have had to endure [...]
A billion year, a billion there, pretty soon you're talking about real money.
- Everett Dirksen
I watched the CNBC interview with the CEO. he was actually quite upbeat compared to many who have been interviewed from the banks. May be some value to be had in their shares..
It is Shocking to know that profits have gone down, instead of their new partnerships and ventures in many new developing countries. i thought they must be making huge profits
vik