(The following statement was released by the rating agency)
LONDON, April 28 (Fitch) Fitch Ratings says Barclays' 1Q16 core
bank results
proved resilient in a difficult quarter, in the absence of
material conduct
provisions. However, the group incurred larger losses in the
non-core bank (BNC)
and overall pre-tax profits from continuing operations (ie,
excluding Barclays
Africa) fell 25% year-on-year in 1Q16.
The group is on track with reducing the BNC drag on group
profitability, with
dis
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