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Barclays’ fixed income unit bolsters investment bank amid deal slump

Barclays' fixed income unit increases by 9% as investment banking fees hold up

Chief executive Venkat praises 'high quality income growth and double-digit returns' at the bank
Chief executive Venkat praises 'high quality income growth and double-digit returns' at the bank Photo: Jose Sarmento Matos/Getty Images

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Fixed income trading drove strong performance at Barclays' investment bank in the first quarter, as dealmaking fees dropped just 7% despite a sector-wide slump.

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