Ricci confident of sustainable strategy at Barclays IB

02 Nov 2012

Rich Ricci, chief executive of corporate and investment banking at Barclays, this week dismissed any concerns of fall-out from the decision by UBS to pull out of SSA DCM, saying that his firm was in a strong position to weather the extra burdens placed on that business by increased regulatory charges, writes Mark Baker.

"Clearly, under Basel III this business is becoming more of a challenge, but it’s important to remember that we spent a very long time building the fixed income business at a time when we didn’t really have anything else," Ricci told EuroWeek. "We built it up over 15 ...

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