Investment Banking

Barclays’ investment bank stutters as fixed income trading tumbles 21%

UK lender fails to follow rivals’ sharp dealmaking gains

Barclays is hoping a new strategy can breath life back into its investment bank
Barclays is hoping a new strategy can breath life back into its investment bank Photo: Simon Dawson/Getty Images

Barclays’ investment bank stuttered in the first quarter, failing to follow rivals’ sharp dealmaking gains as revenue from fixed income trading tumbled by 21%.

The UK lender, which has been looking to reduce reliance on its investment bank under a strategic shift unveiled in February, brought in revenue of £3.3bn for the unit, which was slightly under market expectations.

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