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Barclays dealmaking fees jump 58% as M&A and DCM lead rebound

The UK lender is focusing on reducing its reliance on DCM and bringing in more M&A work

By Paul Clarke
C.S. Venkatakrishnan, chief executive officer of Barclays, said the bank’s strategy was working
C.S. Venkatakrishnan, chief executive officer of Barclays, said the bank’s strategy was working Photo: Hollie Adams/Bloomberg via Getty Images

Barclays’ dealmaking revenue jumped 60% during the third quarter, buoyed by a surge in M&A and debt underwriting fees.

The UK lender has followed rivals with a stronger-than-expected performance within its investment banking division, which it has been bolstering in recent months by hiring senior dealmakers from rivals.

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