Barclays’ profits boosted by surge in investment banking fees

Investment banking has been booming amid a dealmaking frenzy, and Barclays has unsurprisingly benefited from that. Barclays results were also helped by lower loan loss provisions than a year ago. The big star was investment banking, which reported almost £1bn in fees. While the investment bank was responsible for much of Barclays strength, boss Jes Staley said the bank was also "Seeing evidence of a consumer recovery and the early signs of a more favourable rate environment". Donald Trump is launching a social media platform called TRUTH Social, which will list through a merger with a blank cheque company.

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