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City of London

Credit Suisse Loses Debt Traders as Barclays Beefs Up Its Desk

  • New York, London, credit-trading desks have hollowed out
  • Barclays expands in US as desks anticipate volatile markets
Outside the Barclays PLC headquarters in New York.

Outside the Barclays PLC headquarters in New York.

Photographer: Michael Nagle/Bloomberg

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Credit Suisse Group AG is losing four traders from its high-yield and distressed-debt desks just as interest-rate hikes, inflation and volatile markets heighten the need for such expertise.