Barclays faced setbacks in its investment banking operations during the first quarter, struggling to match its rivals’ successes.
![The Barclays headquarters in Canary Wharf, London. PHOTO: Hollie Adams/Bloomberg](https://krugmaninsights.com/wp-content/uploads/2024/02/1200x800-2-2-1-1024x683.webp)
Despite adopting a new strategic focus aimed at reducing dependence on its investment bank, fixed income trading revenue dropped significantly by 21%, underscoring the bank’s challenges.
The institution reported revenues of £3.3 billion for its investment bank,