A trader at Barclays reportedly suffered a loss of around £15m ($19m) from trading Turkish corporate bonds in the last few days, a casualty of the market tumult caused by the lira’s swoon.
Tolga Kirbay, a senior credit trader at the British bank, took the hefty hit from trading Turkish corporate paper over three days since last Thursday as the lira plunged and borrowing costs rose, Bloombergreported, citing people familiar with the matter.