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Barclays’ profits decrease by 12% due to slow mortgage demand

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April 25, 2024
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Barclays Reports 12% Decrease in First Quarter Profits Due to Drop in Mortgage Lending and Deposits Barclays, one of the UK’s largest high street banks, has announced a 12% decline in profits for the first three months of the year. The company reported a group pre-tax profit of £2.3bn, down from £2.6bn during the same period last year. Although this figure was slightly higher than analysts’…

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