The UK bank sold structured products in only two markets during a third quarter which was impacted by a 'lower contribution from equity derivatives', according to Tushar Morzaria (pictured), finance director.
Barclays has generated an attributable profit of £1.2 billion (US$1.55 billion) in the third quarter. Income, at £5.5 billion was up eight percent from the prior year quarter, driven by a 17% increase in corporate and investment banking (CIB). In CIB, fixed income, currencies and commodities (FICC) increased by 19%, mainly due to a strong performance, particularly in rates and securitised products. Equities increased by five percent, despite a lower contribution from equity de
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