WBrief: Barclays Wealth profits up 9% - Spear's Magazine

WBrief: Barclays Wealth profits up 9%

Pre-tax profits at Barclays Wealth rose by 9 per cent to £122 million (around $196.6 million) in the nine months to the end of September this year compared with the same period last year, driven by strong income growth, Barclays, its UK-listed parent banking group, said today.

Pre-tax profits at Barclays Wealth rose by 9 per cent to £122 million (around $196.6 million) in the nine months to the end of September this year compared with the same period last year, driven by strong income growth, Barclays, its UK-listed parent banking group, said today.

Impairment charges were “slightly lower” than in 2009, Barclays said in an interim statement about its wealth management operations.

Since the year-end, assets under management at Barclays Wealth have risen by 5 per cent to £158 billion.

To read the full story, visit wealthbriefing.com



 

FOLLOW US ON