The UK bank saw its sales of SEC-registered structured notes rebound in 2023 following a significant slowdown in activity in the previous year.
Barclays' US structured products sales volume reached US$10.2 billion following a peak in the third quarter on the back of 2,851 new products, a robust recovery from the US$4.6 billion in 2022 which was marred by the over-issuance of securities . However, the Q4 23 results still reflected a 20.1% decline from US$12.7 billion recorded in 2021. As a result, Barclays Bank closed the year as the fourth largest issuer and the only non-US bank in the top five, trailing behind J.P. Morga