Commentary

Barclays builds confidence even as Wall Street rivals power ahead

Investors are betting that a strategy to turn around the lender’s investment bank is starting to bear fruit

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While easing capital rules could propel US rivals forward, there are still reasons to cheer for the UK bank Photo: Jaimi Joy/Bloomberg/Getty Images

David Wighton is a columnist at Financial News

It has been a long time coming, but are investors starting to believe the story about Barclays’ investment bank? The message may finally be starting to land, judging by the response to its latest earnings figures.

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