Barclays (US Operations)

Barclays Investment Bank, operating as Barclays Capital in the US, contributed significantly to the group's roughly $37 billion in total revenue in 2025 (about £29 billion), reflecting a more focused, US-centric footprint than some larger Wall Street rivals. The bank acquired the North American operations of Lehman Brothers in 2008 for about $1.35 billion, immediately establishing a top-10 Wall Street presence almost overnight. Its US franchise remains a notable player in investment-grade and high-yield bond underwriting, and fixed income continues to be a significant contributor to its US revenue.