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Barclays nabs $20 billion in hedge fund business from beleaguered Deutsche Bank

July 25, 2019

Via: CNBC

Barclays is proving to be one of the early winners from the woes of German rival Deutsche Bank.

The British bank, run by ex-J.P. Morgan executive Jes Staley, has persuaded hedge fund clients with $20 billion in balances at Deutsche Bank to move to Barclays, according to people with knowledge of the situation. Half of that amount is from a single client, the people said.

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