Costs jump trumps record quarter for Barclays traders amid Covid-19 heat
Equities trading income rose 65% while trading from fixed income, currency and commodities slumped 35%
30 April 2021 - 12:16
A record quarter for Barclays’ investment bankers was overshadowed by a surprise jump in costs, mixed trading results and continued pressure from Covid-19 on the retail business.
Equities trading income rose 65% while trading from fixed income, currency and commodities (FICC) slumped 35%. Banking fees also jumped 35% to £859m — the highest quarter on record — leaving corporate and investment bank income broadly flat overall, and slightly ahead of forecasts...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.