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LONDON (AP) - Barclays PLC posted a 2 percent increase in net profits in the first half of the year, driven by its investment banking and asset management units, the bank said Friday.
The bank, Europe's fifth largest by market value, saw profits rise to 1.84 billion pounds ($3.3 billion) from 1.8 billion pounds a year earlier.
The increase was driven by a 19.6 percent jump in profits in the investment banking unit, which helped offset a 17 percent decline in credit card profit to 379 million pounds ($673 million) and a drop in profits in the retail bank sector.
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