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Evening Standard
Evening Standard
Anna Wise

Barclays profit jumps nearly a fifth as investment bank cashes in on dealmaking

Barclays CS Venkatakrishnan Venkat the Labour Government
Barclays has revealed its earnings jumped by nearly a fifth in recent months (Tim Goode/PA) - (PA Archive)

Barclays has revealed its earnings jumped by nearly a fifth in recent months, as the investment banking unit cashed in on an increase in dealmaking amid continued cost-cutting.

The bank reported a pre-tax profit of £2.2 billion between July and September, nearly a fifth more than the £1.9 billion made this time last year.

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