Powered by

Barclays' commitment to i-banking boosted by Q2 performance

Aug 02, 2019 - SNL European Financials Daily

Barclays PLC's corporate banking arm performed well against its U.S. and European peers in the second quarter, strengthening CEO Jes Staley's case to remain committed to investment banking for the long term.

The investment bank saw a 25% rise in fixed-income revenue from its corporate and investment banking arm to £920 million, driven by a strong performance in credit and growth in securitized products.

This helped offset a weaker performance in the investment bank's equities tradin...