Investment Banking

Barclays and HSBC defy slump in UK fees

Barclays was today named as one of the banks working on the £975m London-listing of Alfa Financial Software

Barclays and HSBC defy slump in UK fees
Photo: Getty Images

Investment banks are earning less money from traditional advisory work in the UK than at any point since 2013 - but Barclays and HSBC have escaped the pain and increased their revenues.

Banks have earned $1.9bn from capital markets work, M&A advice and syndicated lending in the UK so far this year - down slightly from $2bn at the same point in 2016, and the least since 2013.

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