Banking
Barclays’ Venkatakrishnan warns turbulent times ahead for banking sector
C.S. Venkatakrishnan, the Barcalys chief executive, warned a revival of dealmaking in the sector is still some way off
Stagnant deal activity, easing volatility and peaking interest rates are set to compound pressure on bank earnings, according to Barclays chief executive officer.
Despite tentative signs of activity returning at the start of September, C.S. Venkatakrishnan told Bloomberg’s In the City podcast that a dealmaking revival is still looking “a little further away.”
He added that the expected end of rate rises will cap out banks’ net interest margins while lower volatility is likely to ...
