0929 GMT - C.S. Venkatakrishnan said he is happy with Barclays's investment bank, the CEO told Bloomberg at the World Economic Forum in Davos. This capital-consuming division has often raised questions among investors and shareholders, with some calling to shrink it. "I was very supportive of the investment bank and I remain so, it is a very good business, it has been an important part of Barclays," he said. He points to its good results in banking and markets and that it continues to gain market share. A resurgence in dealmaking on both sides of the Atlantic led by the stabilization of interest rates and the increasingly more business-friendly attitude to M&A--partly from the economic rewirement that needs to happen in Europe--makes the investment bank a source of growth, he adds. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
January 22, 2025 04:29 ET (09:29 GMT)
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