View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
May 7, 2009

Barclays Wealth 1Q profits down sharply

By Spear's

Profit before tax at Barclays Wealth fell sharply in the first quarter, the bank reported this morning. The division was hit by the sale of the closed life business, as well as the impact of reduced UK interest rates and significant falls in equity markets, the bank noted, without giving specific figures.

Profit before tax at Barclays Wealth fell sharply in the first quarter, the bank reported this morning. The division was hit by the sale of the closed life business, as well as the impact of reduced UK interest rates and significant falls in equity markets, the bank noted, without giving specific figures.

Meanwhile, income at the Investment Banking and Investment Management division rose 79 percent, driven by a 361 percent profit gain at Barclays Capital, attributed to the successful integration of the Lehman business US operations.

For further details, visit thewealthnet

Content from our partners
Meet the females leading in the FTSE
A cut above: Charles Sanford on why HNW clients choose LGT Wealth Management
How the Thuso Group’s invaluable experience and expertise shaped the Spear’s Schools Index 2024

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network