Barclays bank says profits weaken in first quarter

27th April 2011, Comments 0 comments

British bank Barclays said on Wednesday that net profits fell slightly in the first quarter, as revenues sank at its investment banking division Barclays Capital.

Earnings after taxation dipped to £1.012 billion ($1.67 billion, 1.14 billion euros) in the three months to the end of March, compared with £1.067 billion in the same part of the previous year, it said in a results statement.

© 2011 AFP

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