Barclays’s Investment Banking Revenue Seen Falling 20%
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Antony Jenkins’s two-year report card is due tomorrow, and it’s shaping up to be a bleak read.
Barclays Plc’s chief executive officer, who has seen shares slump 19 percent this year following scandals involving high-frequency trading and currency probes, may report that revenue at the investment bank dropped at least 20 percent in the second quarter from a year earlier, according to six analysts surveyed by Bloomberg News. That’s about double the average decline for its U.S. peers.