Barclays Sorry for Libor-Rigging as Profit Beats Estimates
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Barclays Plc, the British lender fined for rigging Libor, apologized for its role in the scandal as it posted first-half profit that beat analysts’ estimates.
Pretax profit excluding one-time items rose 13 percent to 4.23 billion pounds ($6.6 billion), the London-based bank said in a statement today. That beat the 3.9 billion-pound median prediction of eight analysts surveyed by Bloomberg.