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Barclays Wealth reports 27% profit gain

Barclays has issued its first half results, declaring profit before tax of £3.94bn (US$6.26bn), a 44% increase over the second half of 2009. Adjusting for credit charges and losses on acquisitions, the profit before tax is £2.96bn, or a 22% yoy increase. Barclays Wealth’s profit before tax increased 27% yoy, to £95m. Barclays Wealth’s cost income ratio came in at…

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