(Bloomberg) — Barclays Plc’s traders had another strong quarter as pandemic-driven market volatility persisted.The London-based bank’s securities division reported a 23% jump in foreign-exchange, rates and credit trading income in the third quarter, helping the company beat earnings estimates. Equity trading jumped 40%. Barclays also posted lower-than-expected impairments from the virus crisis.“The economic forecast is more moderate than we would have thought a couple of months ago,” and Britain’s mortgage market is “surprisingly robust,” Chief Executive Officer Jes Staley said Friday in a Bloomberg Television interview. “Capital markets globally will increasingly take a greater share of the financing of economic …read more
Source:: Yahoo Finance
