LONDON—Barclays PLC reported weak first-quarter earnings in its investment bank, days before shareholders are due to vote on a board appointment for an activist investor who wants to shrink the unit.
The British lender said net profit in its corporate and investment bank fell 30% from the first-quarter 2018 to £582 million from £834 million, because of reduced client activity, lower volatility and fewer corporate deals. The bank’s overall net profit in the quarter was £1.04 billion, up from a £764 million net...
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