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Barclays' fixed income unit increases by 9% as investment banking fees hold up

Investment Banking Editor

Fixed income trading drove strong performance at Barclays' investment bank in the first quarter, as dealmaking fees dropped just 7% despite a sector-wide slump.

Barclays’ fixed income unit bolsters investment bank amid deal slump

Paul Clarke

Barclays

Deutsche Bank

Credit Suisse

Barclays Bank

Europe

London

Banking

Finance

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The UK lender has given the leading compliance job to a 20-year veteran

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

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The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

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The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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