Barclays stock-trading team is the fastest growing on the planet so far in 2018.
The bank reported second quarter results Thursday, growing its equities business 37% to $807 million.
No other major bank’s stock-trading unit grew faster in the second quarter.
It’s the second straight quarter of rapid growth for Barclays’ stock-trading team, which the bank has been investing in heavily under CEO Jes Staley with 35 new outside hires so far this year.
The hottest stock-trading team on the planet in 2018 isn’t one of Wall Street’s giants from the United States.
Morgan Stanley, JPMorgan Chase, and Goldman Sachs may dominate the equities industry in terms of raw market share, but British lender Barclays has the fastest-growing operation in the business so far this year.See the rest of the story at Business Insider
Barclays is teaming up with a startup online lender — and it points to a growing trend for banksOne Medical, a fast-growing startup that’s trying to reinvent how you visit your doctor, is betting it can ‘blow this thing out nationally’Citi has poached a Chase executive to run its ‘Shark Tank’-type program that lets employees build startups from within the company
Read more: feedproxy.google.com