Barclays almost quadruples ECM revenues

alamy 2021-05-04 poshmark ipo
By Richard Metcalf
04 May 2021

Barclays announced pre-tax profits of £2.4bn on Friday, beating expectations thanks in part to its best ever quarter in equities, including derivatives and equity capital markets.

The quarterly group profit, which represents a 160% year-on-year increase, was made possible by strong corporate and investment bank revenues, which offset sluggishness elsewhere, such as in the UK lending and credit cards businesses.

Overall, the CIB revenue figure was in fact slightly down compared with the first ...

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