Barclays making hay in forex and credit-default swaps markets after Russian invasion of Ukraine

26 April 2022

Barclays PLC (LSE:BARC) traders have reportedly been doing very well out of market volatility in emerging markets since Russia invaded Ukraine. The Bloomberg news agency reports that the UK bank saw emerging markets trading revenue climb to around £500mln in the first quarter of 2022, with the bank’s traders operating actively in the currency and credit-default swaps markets.