Barclays swings back to profit in first quarter amid strategic overhaul
- Barclays reported a 12% decline in first-quarter profit due to UK mortgage pricing pressures, lower trading income, and reduced M&A fees.
- The bank plans to cut an additional £2 billion in costs in the future.
- Barclays returned to profit in the first quarter with £1.55 billion net income, exceeding expectations amidst a strategic overhaul.
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Leaning Left1Leaning Right0Center7Last Updated9 days agoBias Distribution88% Center
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