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People and MarketsBank Results

Provisions smash expectations at Barclays but FICC take doubles

Barclays_PA_575x375_29April2020

Barclays’ revenue from markets in the first quarter was its best ever, the bank said, but another large figure overshadowed this: credit provisions across the group came in at more than double the consensus estimate, on the basis of macroeconomic assumptions seen as conservative and a £300m hit from low oil prices.

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