Banks
Barclays '09 Profit More Than Doubles
Updated from 2:33 a.m. EST
LONDON (TheStreet) -- Barclays(BCS), the U.K.'s third-largest bank, reported full-year earnings of 9.39 billion pounds ($14.76) billion, higher than year-earlier earnings of 4.38 billion pounds and above analysts' estimates. Barclays said its fiscal-year Tier 1 capital ratio was 10% vs 5.6% a year earlier. CEO John Varley and President Bob Diamond will forego 2009 bonuses, the bank said Tuesday. Profit in 2009 included the sale of Barclays Global Investors for a gain of 6.33 billion pounds, Barclays said. -- Reported by Joseph Woelfel in New York. Follow TheStreet.com on Twitter and become a fan on Facebook.TheStreet Premium Services
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