Barclays Trader Lost Whole Book But Made $30,000 on Insider Tip

A former Barclays Plc foreign exchange trader testified that he lost his entire book in a single day, but that an insider tip from a buddy at Goldman Sachs Group Inc. provided a respite from his professional pain.

Akshay Niranjan described his Barclays losses under cross-examination Thursday in the insider-trading trial of former Goldman banker Brijesh Goel. Niranjan, the prosecution’s star witness, testified that his trading book was wiped out in May 2017. He also broke up with his fiancee and was thinking of leaving New York to return to his native India.

But that same month, a tip ...