Barclays trader losses $19 million on Turkish bonds

by on 16 Αυγούστου 2018

It’s notable, but it’s not a big number

Bloomberg reports that senior Barclays credit trader Tolga Kirbay was caught on the wrong side of a bet on Turkish bonds over the past few days and lost about $19 million.

For comparison, the London Whale lost $2 billion.

The Bloomberg report highlights that Barclays had hoped to ramp up trading risk this year in order to boost profits.

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