All articles by Duygu

HNW business drives Barclays Wealth profits up 9%

Pre-tax profits at Barclays Wealth rose 9% year-on-year to £122m ($196.8m) in the first three quarters of 2010. The bank said the main driver for the increase in Barclay Wealths pre-tax profits was the divisions strong high net worth business: Assets under management at Barclays Wealth have increased 5% to £158bn since the end of 2009.