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The dealmaking revival is still "a little further away," says Barclays CEO
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December 1, 2023
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0:44Now PlayingThe dealmaking revival is still looking "a little further away," says Barclays CEO C.S. Venkatakrishnan.
On the new In the City, he adds that when it comes to the hiring picture for investment banking, it's one of "stability, not growth".
In his podcast debut, C.S. Venkatakrishnan, Barclays chief executive officer, says stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings. Despite tentative signs of activity returning at the start of September, Venkatakrishnan tells David and Francine that a dealmaking revival is still looking “a little further away.” They also discuss the IPO market, cricket and Taylor Swift.
Originally published October 12, 2023.
Barclays CEO Sees Early Signs of Rebound in Investment Banking
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