Barclays capital's upward curve

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Barclays Capital has come a long way in the US. Just five years ago, the investment banking division of the London-based financial conglomerate had 1,000 employees who dabbled in credit and interest rate products, occasionally supporting the UK operations but barely making a dent on Wall Street.

Today, the firm has elbowed its way to the front ranks of the American debt market: it is now the fifth-largest underwriter of investment-grade corporate debt in the US - excluding self-funding

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