Barclays Investment Banking Revenue Soars 60% in Q3 Driven by M&A and Debt Underwriting.

Barclays reported a significant 60% increase in dealmaking revenue for the third quarter, primarily due to a surge in mergers and acquisitions (M&A) and debt capital markets (DCM) activities. This impressive performance aligns with the bank's recent strategy of strengthening its investment banking division by recruiting senior dealmakers from competitors.

The UK-based lender's strong showing in investment banking surpassed market expectations, mirroring the positive trends seen across its industry rivals. This upswing in dealmaking fees demonstrates the effectiveness of Barclays' ongoing efforts to expand and enhance its position in the global investment banking arena.

Report by Financial News London