Finance
Barclays Traders Miss Out on Wall Street’s Markets Windfall
Barclays is the first major UK bank to report first-quarter earnings.
Photographer: Jason Alden/BloombergBarclays Plc fixed income traders struggled to capitalize on a volatile quarter, with returns falling short of US rivals that benefited from exposure to commodities markets.
Such traders brought in £1.7 billion ($2.3 billion), broadly flat year on year, while equities traders pulled in £1.1 billion, up 16% on a year ago, the bank said in a statement Tuesday.