trending Market Intelligence /marketintelligence/en/news-insights/trending/rDMNkYe_91hwXQpBJiP2yg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Barclays expects subdued Q1 i-bank result

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Barclays expects subdued Q1 i-bank result

BarclaysPlc said April 5 that in light of current market conditions forinvestment banking and on the back of a particularly strong March 2015, it doesnot expect "as strong a performance" from its investment bankingoperations for the first quarter.

Barclays' noncore income in the first quarter is expected todeteriorate further compared to prior quarters as a result of the impact ofcontinued spread widening on the fair valuation of the education, social housingand local authority loan portfolio.

The bank's results for the first quarter will be announcedon or around April 27.

Barclays also said that at a general meeting to be heldApril 28, it will seek shareholder approval for anytransactions which would resultin the accounting deconsolidation of 

The British bank had said in March that it intends totrim its 62.3% stakein Barclays Africa over the next few years to a level that would allow it todeconsolidate the company from a regulatory perspective, and prior tothat, from an accounting perspective.

Barclays Investment Bank, Citigroup and J.P. Morgan Cazenovewill assist Barclays in the sell down.