Takeaways by Bloomberg AI

The house built by fixed income is facing an overhaul. Barclays Plc is showing it can do more for clients than trade bonds and arrange debt deals.

Barclays’ equities traders pulled level with their fixed income counterparts in the third quarter, the first time they pulled off such a feat since the UK lender acquired Lehman Brothers’ North American investment bank in 2008. It’s clear that Barclays sees a better future with a surging equities arm.