BRAC Bank's Q2 profit jumps 73% on higher investment income

The private commercial bank's quarterly profit rose to Tk 728 crore from Tk 420 crore in the same period last year

The profit uplift helped to offset the banking group setting aside £1.4 billion to cover bad debts.

Barclays profit surged ahead of expectations in the second quarter of the year as market turmoil fuelled a bumper performance in its investment bank. The FTSE 100 giant revealed it would launch a new £1bn share buyback after pre-tax profit jumped 17 per cent from the prior year to £6.1bn across the first half of…