The UK-listed bank has reported a rise in its group adjusted pre-tax profit for the first half of 2015.

Barclays, the UK-listed bank, has reported an 11 per cent year-on-year rise in group adjusted pre-tax profit to £3.729 billion ($5.82 billion) in the first six months of 2015, which it said reflected better results in all of its core operating businesses.

The bank’s wealth and investment management arm is contained within the personal and corporate banking (PCB) division; Barclays no longer issues specific financial results on its wealth business following corporate restructuring last year. As far as PCB is concerned, that segment of the bank reported pre-tax profit of £1.528 billion, a 4 per cent year-on-year rise. Client assets stood at £142.6 billion, down from £151.3 billion at the end of June a year ago.

In early June this year, the bank announced it had agreed to sell its US wealth management business to Stifel Financial Corp.

The bank’s fully-loaded common equity tier one (CET1) ratio – a key measure of a bank’s financial strength under international capital rules – was 11.1 per cent, up from 10.3 per cent at the end of 2014.

The bank said total adjusted operating costs fell 7 per cent year-on-year to £8.262 billion.

Barclays said it achieved progress on dealing with legacy litigation and conduct issues, with settlements in the reporting period of £1.608 billion reached with a number of authorities relating to probes into institutions’ conduct in the foreign exchange markets.