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.
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