Profits slide by over 20% for Barclays investment bank

Last year, the investment bank profit of Barclays decreased by 23% as the UK bank’s dealmakers followed competitors in reducing fees significantly. Photo: Barclays Office Tower, Bloomberg Notwithstanding the robust performance of its fixed-income trading operation, the UK lender posted a profit of £4.3bn in 2022, a 23% decrease from the previous year. Barclays’ dealmaking...