Feb 21, 2019

Barclays profits amid UK economic 'uncertainty' in UK

Barclays has reported a profit of £3.5bn for 2018, unchanged on the previous year. Its UK business took a charge of £150m for "Anticipated economic uncertainty" related to Brexit. The bank's chief executive Jes Staley said 2018 had been a "Very significant" year, with several issues resolved. Last year it took charges of £2.2bn to cover legal issues and fines, including a large settlement with US regulators and, in the UK, compensation over PPI..

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