The wealth and investment management arm of Barclays has reported a pre-tax profit of £7 million for the third quarter of 2013, a decline of 90% compared with £70 million reported a year ago.
The division’s net operating income for the quarter ended 30 September 2013 declined to £410 million, from £437 million in the year ago quarter.
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For the first nine months of 2013, the division’s operating declined 2% to £1.29 from £1.31 billion a year ago.
Overall, the group’s adjusted pre-tax profit for the quarter totalled £1.39 billion, down from £1.87 billion in the same period a year earlier.
The group’s nine-month adjusted pre-tax profit came in at £4.976 billion.
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