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Libor scandal and Diamond exit can’t stop the money-making machine: Barclays’ profits surge to £4billion
Daily Mail – UK High Street banking giant Barclays shrugged off the crisis which saw boss Bob Diamond quit this summer with forecast-busting first half profits of £4.2billion. The bank apologised for its role in the Libor rate-fixing scandal as it reported a 13 per cent jump in earnings over last year and a 7 per cent boost to staff pay. The picture was certainly rosier than the one which emerged from Lloyds Banking Group yesterday, where losses came to £439million for the first six months of the year. Read Article
Tags: banks, debt wealth, Europe, nature of corporations
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