Bloomberg A blockbuster quarter for Barclays Plc’s traders was overshadowed by a 2.1 billion pound ($2.6 billion) bad-loan charge stemming from the coronavirus pandemic. The securities division reported a 77% jump in first-quarter trading revenue on Wednesday as the virus whipsawed markets, beating the average 30% gain at US peers. However, the lender set aside its biggest quarterly provision in …

Bloomberg The chief executive of Nordea Bank Abp said there’s no doubt loan losses will rise after the biggest Nordic bank reported a smaller spike than expected in impairments. It’s still “too early” to know how much damage the Covid-19 crisis will do to loan books, CEO Frank Vang-Jensen said in an interview with Bloomberg Television on Wednesday, shortly after …

Bloomberg The current difficult market environment will create fertile ground for private equity and hedge funds to boost their performance, according to JPMorgan Asset Management. Expected returns for cap-weighted private equity have risen to 9.80%, up 1 percentage point from the last forecasts issued September 30, John Bilton, head of global multi-asset strategy, wrote in a note. The money manager’s …