Barclays CFO: Slowdown In Investment Bank Activities In May

30th Jun 2010 15:52

By Patricia Kowsmann Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Barclays PLC (BCS) Finance Director Chris Lucas said Wednesday that the U.K. bank saw a slowdown in investment banking activities in the second quarter, particularly in May. The executive also said conditions in Spain have deteriorated in the second quarter due to a further fall in property values, but he said the bank is keeping its impairment guidance for the entire year unchanged. In April, Barclays said its overall exposure to Spain and Portugal was "small." -By Patricia Kowsmann, Dow Jones Newswires. Tel +44(0)207-842-9295, [email protected] (END) Dow Jones Newswires June 30, 2010 10:52 ET (14:52 GMT)