Barclays Trips Itself Up – WSJ

Barclays BCS -5.69% shareholders woke on Monday to the unwelcome news of a sizable hit to its US structured products business. These are generally cleverly-designed instruments—sometimes too cleverly for an unpredictable world—but the British bank was tripped up by a much more elementary error. Structured products slice and dice debt, equities or other assets and …

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