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International Financing Review (IFR), one of the investment banking industry's leading publications, has named Barclays Capital 'Bank of the Year'.

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International Financing Review (IFR), one of the investment banking industry's leading publications, has named Barclays Capital 'Bank of the Year'.

IFR’s editors wrote: "The European sovereign debt crisis provided a sombre backdrop to developments in global investment banking, particularly in the second half of 2011."

"But partially using the cover of the crisis, one firm accelerated and consolidated its truly impressive build-out.

This accolade comes after Euromoney magazine named Barclays Capital as the Best Global Investment Bankearlier this year.

Barclays Capital was also named 'Derivatives House', 'Loan House', Sterling Bond House' and 'Interest Rate Derivatives House' by IFR.

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