{"id":92227,"date":"2026-07-28T19:59:21","date_gmt":"2026-07-28T19:59:21","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/92227\/"},"modified":"2026-07-28T19:59:21","modified_gmt":"2026-07-28T19:59:21","slug":"barclays-profits-jump-17-due-to-rise-in-dealmaking","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/92227\/","title":{"rendered":"Barclays Profits Jump 17% Due to Rise in Dealmaking"},"content":{"rendered":"

British lender Barclays<\/a> logged a 17% increase in profits for the first half of 2026.<\/p>\n

The profit rise was fueled mainly by strong performance from Barclay\u2019s investment banking arm amid an uptick in dealmaking and financial market activity, The Independent reported<\/a> Tuesday (July 28). This helped offset increased provisions Barclays made for potential bad debts.<\/p>\n

The company\u2019s earnings showed a pre-tax profit of 6.1 billion pounds (about $8.1 billion), up from 5.2 billion pounds (about $6.1 billion) during the same period last year and exceeding analyst projections of 5.9 billion (about $7.8 billion), the report said. Barclays attributed this to improved income across crucial divisions.<\/p>\n

For example, the lender\u2019s United Kingdom bank saw an 8% increase in income to 4.5 billion pounds (about $6 billion), while the investment bank\u2019s income jumped 11% to 8 billion pounds (about $10.6 billion), according to the report.<\/p>\n

In a speech<\/a> accompanying the earnings report, Barclays CEO C.S. Venkatakrishnan<\/a> discussed some business highlights, such as the bank\u2019s consumer operation in the United States reaching more than 25 million customers without a single physical branch.<\/p>\n

During the quarter, Barclays completed its purchase<\/a> of Best Egg<\/a> to bolster its consumer loan capabilities, and teamed with Samsung<\/a> to help that company launch its U.S. credit card<\/a>.<\/p>\n

\u201cLastly, we are expanding and enhancing our branch network to meet the changing preferences of our customers,\u201d Venkatakrishnan said in the speech. \u201cOur segment-leading proposition for wealth customers in the U.K. also extends to providing low-cost, transparently constructed, risk-appropriate products to help them build their financial futures.\u201d<\/p>\n

In other banking news, banks have gone from viewing wire payments<\/a> as back-office plumbing to considering them a competitive tool.<\/p>\n

The PYMNTS Intelligence<\/a> report \u201cRewiring Wires: Modernizing CHIPS and Fedwire\u00ae for a New Era of Demand<\/a>\u201d found that financial institutions are upgrading the systems that transmit large, time-sensitive payments as clients push for faster processing, better information and more reliable service.<\/p>\n

\u201cBanks can adopt cloud-based infrastructure, build systems that handle ISO 20022 data, spread workloads across multiple cloud providers and use APIs<\/a> to connect payment platforms,\u201d PYMNTS reported Tuesday. \u201cTogether, those steps can make wire payments more reliable, transparent and useful to clients while helping institutions compete in a faster payments market.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"British lender Barclays logged a 17% increase in profits for the first half of 2026. The profit rise…\n","protected":false},"author":2,"featured_media":92228,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21264],"tags":[714,665,3343,1076,21083,18,1077,1078],"class_list":["post-92227","post","type-post","status-publish","format-standard","has-post-thumbnail","category-barclays","tag-banking","tag-banks","tag-barclays","tag-digital-banking","tag-earnings","tag-news","tag-pymnts-news","tag-whats-hot"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/116999380200190739","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/92227","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=92227"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/92227\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/92228"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=92227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=92227"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=92227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}