Barclays in the UK has reported sharp falls for third-quarter net profits.
The British banking group's bad debts have soared over the past months, causing net profits to slump 29 percent to 2.73 billion pounds in the first nine months of the year.
Barclays has reported bad debt charges surged 63 percent in the third quarter.
But Barclays chief executive John Varley has said the group is now maintaining strong income momentum and has continued to managed without the massive government bailouts suffered by rivals Royal Bank of Scotland and Lloyds Banking Group.
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