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Barclays' deceptive calm

Barclays avoided nasty surprises in its third-quarter results. That doesn't mean it's all plain sailing

How very un- Barclays.

The UK bank's third-quarter results came with a conspicuous lack of drama, despite a 26% fall in underlying earnings. After its £5.8 billion rights issue last month, and given Barclays' often tricky relationship with regulators, such calm is welcome: the bank's shares rose 3% on Wednesday.

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