BarCap Rides Out Growing Pains
FRONT PAGE: ORGANIZATION AND MANAGEMENT
LONDON—Barclays Capital, the investment banking division of Barclays Bank, has been experiencing some major growth over the past two years as well as its share of IT management departures.
In its half-yearly results announced Friday, Aug. 5, the division reported a 20 percent increase in profits before tax compared to the same period last year, from £588 million ($1.04 billion) to £703 million ($1.25 billion). The results are credited to higher business volumes and client activity levels for the
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