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One-off gains boost resilient BarCap

The investment bank's fixed income, currencies and commodities division holds up well in the third quarter, relative to rivals, as gains on the bank's own credit help pre-tax profits more than double

Barclays Capital's fixed income, currencies and commodities division held up well in the third quarter, falling significantly less quarter-on-quarter than its US and European peers, as one-off gains helped mask a sharp fall in investment banking profits.

In its third quarter interim management statement, Barclays revealed revenues of £5.1bn in its investment banking unit. This figure is up almost a half on the previous quarter.

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