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Barclays’ investment bank profit slides 23% as dealmaking fees slide
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Barclays' investment bank profit slipped by 23% last year as the UK lender's dealmakers followed rivals with a sharp drop in fees.
The UK lender posted a profit of £4.3bn in 2022, which was a decline of 23% on the previous year despite buoyant performance by its fixed-income trading unit. Barclays' dealmaking fees slipped by 39% to £2.2bn, which was the smallest drop of its Wall Street and European rivals.
Meanwhile,...
Read more on fnlondon.comAbout this in other media
BA owner returns to profit as travel bounces back from Covid theguardian.com /1 year ago
UK fintech investment falls 56% in 2022 finextra.com /1 year ago
Lloyds profit rose 81% to £1.7bn in fourth quarter fnlondon.com /1 year ago
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