LONDON— Barclays BCS 2.61% PLC Chief Executive Jes Staley sounded a cautiously optimistic note about the U.K. bank’s prospects of rebounding from the coronavirus pandemic after it posted a profit in the third quarter. The London-based bank earned £611 million, equivalent to $799 million, in the three months to Sept. 30 after losing £292 million in the same period last year, when it took a one-off charge. […] Headwinds in Barclays U.K. are expected to persist into 2021 including the low interest rate environment,” Mr. Staley said. […] More on Barclays Bank of England Questions Lenders on Readiness for Negative Rates (Oct. 12) U.K. Investigators Examine Visits by Barclays CEO Jes Staley to Jeffrey Epstein’s Island (March 6) Mr. Bramson, whose Sherborne Investors says it is the largest shareholder in Barclays with a 5.9% stake, has said the bank’s trading revenue is volatile and poor quality because the lender doesn’t have the large corporate-client or wealth-management businesses that generate trading flows at bigger rivals such as JPMorgan. […] Mr. Staley has said that his relationship with Mr. Epstein was professional and began in 2000 when he was head of JPMorgan’s private bank and the financier was a client.
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