Barclays annual profit falls 15% as over-issuance error, investment bank returns disappoint

LONDON, Feb 15 (Reuters) - Barclays reported its annual profit fell 15%, as costs from an administrative blunder that saw it oversell securities in the United States compounded a mixed performance by its investment banking division.

The British lender reported a pretax profit for 2022 of 7 billion pounds ($8.5 billion), down from 8.2 billion pounds the year before and below the 7.2 billion pounds average analyst forecast, as compiled by the bank. ($1 = 0.8239 pounds) (Reporting By Lawrence White and Iain Withers, editing by Sinead Cruise)