Barclays Rises as Cutbacks, Gain in Trading Ease Profit Drop

  • Bank posted $1.4 billion pretax loss at non-core division
  • Fixed-income trading revenue climbed 10 percent in quarter

Staley: Our Presence in Europe Important for Continent

Barclays Plc shares climbed as fixed-income trading revenue outperformed European rivals and the bank said the non-core unit will weigh less on profit in 2017.

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