Wealth and investment management at the bank is now reported within the personal and corporate banking segment; since a restructuring last year, the wealth business’s results are no longer separately disclosed.

In its “core” results, Barclays reported an attributable profit of £1.258 billion, a gain of 19 per cent in the first quarter from a year earlier; pre-tax profit rose 14 per cent to £2.104 billion in the first quarter.

The bank is continuing to restructure its business, Antony Jenkins, group chief executive, said in today’s statement. Barclays has had to deal with a damaging scandal concerning rigging of interbank interest rates and issues surrounding foreign exchange markets over the past few years.

“We are working hard to expedite their settlement and have taken further provisions of £800 million this quarter, primarily relating to foreign exchange,” he said.

The bank said provisions of £2.050 billion (Q1 2014: zero) have been made for investigations and litigation primarily relating to foreign exchange. This figure includes the additional money set aside of £800 million for the first quarter.

Barclays’ capital ratio increased to 10.6 per cent from 10.3 per cent at the end of last year, caused by a £6 billion drop in risk-weighted assets and a rise in capital.

(Editor's note: I briefly discussed the results on the Share Radio station earlier today. For more detail on that interview, click here.)