Credit traders escape as Barclays axe starts to fall

By Dan Alderson
05 Jun 2014

Barclays targeted fixed income, currencies and commodities as it began cutting hundreds of jobs this week. But one area that the axe passed over was credit trading.

Although emerging market credit trading will be brought under the bank’s Western Europe business, moves to streamline these operations is unlikely to prompt departures, said sources. The reprieve extends to non-core flow such as Russia and Middle East credit, which have felt the squeeze in more ...

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