Market Turmoil Boosts Trading Desks at Barclays and UBS
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Barclays’s traders had a blowout first quarter, as market volatility began to stir ahead of President Trump’s April 2 “Liberation Day” tariffs. Barclays reported forecast-beating profit Wednesday, boosted by a 27% rise in adjusted income from stock trading. Revenue from fixed income, currency and commodity trading surged 21%, beating a 5% rise at U.S. peers.
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