Barclays just smashed its first-half earnings with profits up 17.3% and revenue soaring 11% to $16.5 billion, fueled by a 45% spike in equity trading profits and strong investment banking growth. The bank’s bonus pool jumped 30% to $1.3 billion as top execs cash in on global market chaos — from wars to AI hype. CEO defends windfall tax critics, arguing bank profits fuel economic growth through lending. Analysts note non-investment banking income missed targets and deposit margins face pressure, but Barclays raised its 2026 income forecast and is doubling down on UK-focused lending, aiming to inject $30 billion into the local economy.
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