BarCap races towards record year

Barclays Capital, the investment banking arm of Barclays, maintained robust growth levels in the third quarter, bolstering expectations that the UK group's full-year profits will close up a third on last year to reach almost £7bn (€10.3bn).

Barclays said today in a third-quarter trading update to the stock exchange that "excellent growth in income and profit at Barclays Capital was broadly spread across products and geographies".

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire