It’s official – BarCap’s flow ‘out-monsters’ Deutsche Bank

When Jerry Del Missier started describing Barclays Capital as a "flow monster", it provoked amused irritation over at Deutsche Bank. After all, it was Anshu Jain, the bank’s imperious head of global markets, who coined the phrase. Now it appears BarCap’s plagiarism has extended to the far more serious area of market share. For the first time, Barclays provided a breakdown of its fixed income currencies and commodities division at its annual results presentation last week, and it makes uncomfortable reading for Deutsche. BarCap’s FICC division brought in £12.9bn (Eu15bn), compared with Eu9.7bn for Deutsche.