BGN Entrepreneur

An increase in revenues in investment banking and £6.3bn gain from the sale of the fund management arm rescued Barclays from a decline in revenues in 2009. Had it not been for the sale of Barclays Global Investors, the Bank would have a decline of 13%in its 2009 profit.
And an 89pc rise in profit for investment banking Bob Diamond’s Barclays Capital feud prevented the slide from getting greater. Barclays’ shares climbed more than 9% as the group’s pre-tax profits remarkably jump by 92% to EUR 11.6 billion in 2009. There is a rise in bond and equity trading run growth, while the results in the private and corporate banking divisions were bruised.
Overseas markets were not so hot either, with profits dropping by 48pc in Western Europe and emerging markets to fall deep into the red.
But the investors decided to focus on the positive, hoping that BarCap will perform better than their competitors seem to continue in spite of a slowdown in the last quarter.

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