Barclays private bank and wealth management has reported a 15 percent decrease in pre-tax profits in the first quarter of 2024.

Pre-tax profits fell year-on-year from £112 million to £95 million.

Despite this fall, total income was up 20 percent from £259 million to £312 million.

Total operating expenses increased by 51 percent from £144 million to £217 million.

The bank said this reflected the transfer of its wealth management & investme...