Graham Barclay/Bloomberg News.

Credit Traders Find Refuge as Banks Hire in U.K. Corporate Bonds

  • Credit Suisse hires Sean Richards from BNP Paribas for trading
  • Credit Agricole hires Gooding, Bank of America appoints Pearce

Corporate bonds in pounds returned 0.05 percent this year, which compares with a loss of 0.14 percent for equivalent non-financial company notes in euros, according to Bank of America Merrill Lynch index data.

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