Barclays profits fall due to slowdown in investment banking


Barclays PLC said its net profit fell in the fourth quarter as trading and trading at its investment bank took a break after a furious period of activity.

The London-based bank said on Wednesday it earned £1.12 billion, or $1.52 billion, in the three months to the end of December. This is down 23% from the previous quarter, but higher than the same period last year, when the bank earned £220m. Analysts had expected the lender to report a profit of £1.02 billion for the quarter.


Wj

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