London: Barclays plc says core pretax profit rose 19 per cent to 2.4 billion pounds ($3.2 billion) in the second quarter as the bank expressed confidence it could weather the uncertainty of Britain's exit from the European Union.
The London-based bank said Friday it was making progress on its plan to simplify operations and saw "no reason to adjust it, or the pace of delivery, in light of the vote."
Barclays announced plans earlier this year to split itself in two as Britain forces lenders to separate riskier investment banking from retail operations. Such ring-fencing is meant to protect savings in any financial crash.
Chief Executive Jes Staley said the bank is dealing with legacy issues for past misconduct. Litigation and conduct costs fell by almost 50 per cent to 420 million pounds.
