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Posted On: 04/24/2013 4:45:05 AM
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Posted By: testuser
Barclays first-quarter profit hit by restructuring charge

A man passes automated teller machines at a Barclays bank branch in London LONDON (Reuters) - British bank Barclays said first-quarter profit fell a quarter from a year ago, as a hefty bill for the cost of a restructuring plan by its new chief executive offset a solid performance by its investment bank. Adjusted pretax profit for the three months through March dropped to 1.79 billion pounds ($2.7 billion) from 2.4 billion a year ago, just below a mean forecast of 1.85 billion from analysts polled by the company. ...



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