Barclays has become the UK’s biggest bank by
assets, marginally overtaking Royal Bank of Scotland (RBS) by that
measure: £1.587tr ($2.54bn) to £1.581tr.
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Barclays first half pre-tax profits – up by
44% from a year ago to £3.95bn – highlighted the bank’s increasing
reliance on Barclays Capital, that unit posting pre-tax
profits up 32% to £2.55bn.
By contrast, Barclays global retail banking
profits rose by only 7% to £901m.
But Barclays UK-based retail profits beat
analyst forecasts, up 61% at £504m.
RBS said it made a small net profit in the
first six months of 2010 (£9m) compared with a loss of £1.04bn in
the first half of 2009.
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