Currency products steal the show in 2008
LONDON & ZURICH - Income from currency products topped £1 billion in Barclays Capital's end-of-year results, while strong foreign exchange performances at Credit Suisse and UBS could not prevent fixed-income divisions suffering losses.
The impressive performance of currency products at BarCap saw income rise from £750 million in 2007. The bank also said interest rates, emerging markets and prime services all experienced significant growth. However, overall profits within BarCap nose-dived by 44%
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