Barclays aims to funnel cash back to trading
Barclays said in its second-quarter results that it would redeploy capital from parts of the corporate bank into markets, reversing the course many banks have taken since the crisis, and affirming the bank’s ambitions as a top-tier fixed income trading house.
Chief executive Jes Staley, speaking on the group analyst call last Friday, also affirmed his support for Barclays’ commitment in debt capital markets.
“We are the largest underwriter of European sovereign debt,” he said. “We don’t expect that to change. We are the largest underwriter of euro debt raised
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.