Barclays posts profit slide as it sets aside another £1.6 billion for coronavirus-related loan losses
The British bank added another £1.6 billion to its credit impairment charges during the second quarter, bringing the total level to £3.7 billion at the end of the first half.
The British bank added another £1.6 billion to its credit impairment charges during the second quarter, bringing the total level to £3.7 billion at the end of the first half. "Right now how we see the economies functioning is actually slightly better than the assumptions we've put in in our models," Staley told CNBC's "Squawk Box Europe."CET 1 ratio grew to 14.2%, from 13.1% at the end of the first quarter.The bank said it will decide on future dividends and its capital returns policy at the end of the fiscal year. The stock is down about 37% since the start of the year.
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