LONDON—Barclays PLC’s net profit fell 91% to £90 million ($116 million) in the second quarter after its U.K. unit swung to a loss because of the impact of the coronavirus pandemic. The London-based bank set aside £1.62 billion in provisions for losses from loans during the quarter. Profit at the bank’s corporate and investment bank rose 16% to £694 million for the quarter. The bank’s U.K. unit lost £123 million in the second quarter, down from a profit of £328 million in the same quarter last year.

Source: Wall Street Journal July 29, 2020 07:46 UTC