Barclays Said to Stop Selling Complex CDs to U.S. Retail Clients

Barclays Plc has stopped selling highly engineered certificates of deposit that looked attractive to U.S. savers but often resulted in customers earning zero interest, according to people with knowledge of the matter. As part of that exit, Todd Dilatush, who focused on selling structured notes and market-linked CDs to U.S. retail investors, has left the bank.