Barclays bank returns to profit in first quarter

British bank Barclays, seeking to fix its battered reputation caused by last year’s Libor rate-rigging scandal, said Wednesday that it returned to profit in the first quarter with net earnings of 839 million pounds (HK$9.94 billion) after a loss in the first three months of last year.

Barclays recorded a profit after tax following a net loss of 598 million (HK$7.08 billion) in the first quarter of last year, the bank said in an earnings statement.

via Business feed http://www.scmp.com/business/banking-finance/article/1222172/barclays-bank-returns-profit-first-quarter