Investment Banking

Barclays dealmaking fees jump 58% as M&A and DCM lead rebound

The UK lender is focusing on reducing its reliance on DCM and bringing in more M&A work

C.S. Venkatakrishnan, chief executive officer of Barclays, said the bank’s strategy was working
C.S. Venkatakrishnan, chief executive officer of Barclays, said the bank’s strategy was working Photo: Hollie Adams/Bloomberg via Getty Images

Barclays’ dealmaking revenue jumped 60% during the third quarter, buoyed by a surge in M&A and debt underwriting fees.

The UK lender has followed rivals with a stronger-than-expected performance within its investment banking division, which it has been bolstering in recent months by hiring senior dealmakers from rivals.

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