Barclays Takes `Prudent’ View on Potential Credit Losses

Apr.29 — Barclays Plc’s securities division reported a 77% jump in first-quarter trading revenue to 2.4 billion pounds ($3 billion) as the coronavirus whipsawed markets, beating the average 30% gain at U.S. peers. However, the lender set aside 2.1 billion pounds to cover defaults across the economy and joined its peers in warning of tough times ahead. Chief Executive Officer Jes Staley discusses the bank’s performance and the challenges that lie ahead in an interview on “Bloomberg Markets: European Open.”

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