HomeEconomyBarclays boss says investment bank's trading revenue could shrink Economy Barclays boss says investment bank's trading revenue could shrink By inew September 20, 2022 0 143 views Share FacebookTwitterPinterestWhatsApp BAC -2.% Add to Watchlist/Remove from Watchlist Add to watch list Add location Job added successfully: Please name your portfolio type: purchase Sell date: ) quantity: price Point Value: Leverage: 1:1 1: 1: 1: 1: 1: 09 1: 1: 25 10001: 09 Committee: 400 1000 282 CREATE NEW WATCH LIST CREATE 100 400 Create a new holding portfolio Add Create17 + Add another position to close BARC -0.% 50 add to/remove from watchlist Add to watchlist Add Location Job added successfully: Please name your portfolio type: purchase Sell date: quantity: price Integral value: Leverage: 1:1 1: 1: 1: 1: 09 1: 09 1: 50 1: 50 1: 100 Committee: 100 CREATE NEW WATCH LIST CREATE 100 100 CREATE NEW HOLDING PORTFOLIO ADD CREATE 243 1000 + Add another position to close by Sinead Cruise and Iain Withers London (Reuters) – investment bank may A change in revenue is expected next year, with a rebound in banking and advisory fees expected to cushion the blow from lower transaction revenue, 17100 Barclays Bank (London: 500BARC )’ Chief Executive CS Venkatakrishnan said at an investor event on Tuesday. Deal spree helped investment banks report strong results this year and helped offset listings and mergers amid global market turmoil A dismal year for transaction fees. can be set to change for the second half of next year, Barclays CEO said. “The trading revenue pool may shrink a bit and the investment banking revenue pool may rise. Whether they cancel each other out I don’t know ,” Venkatakrishnan – known inside Barclays as Venkat – at Bank of America (NYSE: 100BAC) event. ” but I expect market volatility to continue at least through the first and second quarters of next year. Hence, the seasonally adjusted trading revenue Pool decline is more likely to happen in the second half of next year.” Venkat said that the UK – Barclays’ home market – and the Bank of England is expected to return again this week. Higher interest rates will eventually cool the economy. But he said He still expects the rate hike to be a “net positive” for Barclays as it boosts loan income. He said he expects the bank’s three main business segments to exceed % Return on tangible assets – a key measure of a bank’s profitability – next year. Venkat said the UK government’s plan to cap energy prices to help people facing a squeeze on household budgets would help the economy, but Barclays said it would help the economy. The country’s outlook is more cautious than it is for the United States. “I think the U.S. economy is showing fewer signs of weakness,” he added. Venkat also provided an update on a bug that caused the bank to oversell a complex series of Financial tool. The bank will provide information about its so-called More details on the final cost of the rescission offer to repurchase the securities “are relatively short orders,” Venkat said. Barclays said last week that investors had filed a $7 billion claim $7 billion The securities it sold erroneously under the terms of a rescission offer under which the bank must repurchase the notes and compensate the buyer. 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