Barclays was the worst-performing bank in the FTSE 100 index in 2017, falling 9% on concerns about both its investment bank and its legal and regulatory troubles. Pre-tax profit, which stripped out some of the one-off charges, rose 10pc to £3.5bn, up from £3.2bn.
The lender earlier posted a pretax profit, excluding litigation costs, of 334 million pounds, missing the average 570-million-pound average estimate of 14 analysts compiled by the bank.
Barclays reported an after-tax loss of £1.9bn for 2017, including a tax charge of £2.2bn, half of which related to the United States as it had previously flagged.
This more than offset the 2% decline in total income 2% to £21.1bn from reduced inflow at Barclays International and the head office, while impairments were broadly stable at £2.3bn.
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She also won the LPGA KEB Hana Bank Championship in South Korea late previous year , which earned her LPGA membership. The UCLA alum could do no better than pars the rest of the way for a 71 to tie for fourth with Scott Stallings (68).
CFO Tushar Morzaria said Barclays had gained market share, with business down in dollar terms by 10% compared with 20% at its biggest USA rivals.
Barclays Chief Executive Jes Staley hailed 2017 as a "year of considerable strategic progress for Barclays".
He said the increase in profit was "a result of our team's focus on execution", including a digital banking milestone of a ten millionth customer, increased banking fee share in CIB, strong income from the consumer, cards and payments business, and perhaps above all continued capital generation that saw the CET1 ratio stand at 13.3%.
The U.K. Financial Conduct Authority opened an investigation in 2017 looking at Staley's alleged attempt to find out the name of the employee that wrote a letter raising concerns about the recruitment of a senior official by the bank. But it will definitely require better from the misfiring investment bank, which made a pathetic 1.1% return on tangible equity thanks largely to a 29% year-on-year drop in trading revenue.