From CNBC: 2025-04-30 02:23:00

Barclays Bank reported strong Q1 profits, with pre-tax profit at £2.7 billion and group revenues at £7.7 billion. Investment bank income increased by 16%, and return on tangible equity reached 14%. CEO expects market volatility to continue. U.S. consumer bank business improved, shares up 10% despite trade war concerns.

Britain could benefit economically from Brexit, with a potential for a more favorable trade deal with the U.S. Barclays faces less pressure at home as HSBC announces cutbacks in investment operations and Santander plans staff redundancies and branch closures. Questions arise about Santander’s commitment to the UK market.

Read more: Barclays Q1 earnings 2025