Barclays dealmakers face tough turnaround

New approach: Venkatakrishnan during a television interview in Switzerland. The Barclays chief executive says its markets business is strong and has had very deep client penetration and that its banking is a stage behind and a bit harder. — Bloomberg

LONDON: Barclays Plc chief executive officer C. S. Venkatakrishnan says his investment bankers who advise companies on capital raising, deals and debt issuance have fallen behind their counterparts in the trading division when it comes to the company’s efforts to boost returns in the coming years.

The bank has been trying to improve a measure of profitability that showed the ratio of income to risk-weighted assets.