Barclays throws £50bn at its FICC problem
Despite a disappointing performance in FICC, Barclays is standing firm on its plans to allocate more balance sheet to the division and continue its run of senior hires in the business.
Barclays will give fixed income financing, equity financing, rates and FX an additional £50bn of leverage ratio capacity, aiming to boost growth in the division.“We have been balance sheet-constrained over the past few years as we built out our capital base,” said group chief executive Jes Staley. “But ...
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