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30/10/2014
Barclays Sets Aside £500m For Currency Rigging Fines
Barclays has set aside £500m to cover costs from investigations into suspected manipulation of the foreign exchange market.
The firm has also put aside an extra £170m for consumers who were wrongly sold PPI.
However, Barclays claimed it recorded a £460m gain to reflect "greater certainty around the recoverability of assets not yet received" from the bank's acquisition of Lehman Brothers.
Shares in Barclays also increased 2% in London.
(CD/JP)
The firm has also put aside an extra £170m for consumers who were wrongly sold PPI.
However, Barclays claimed it recorded a £460m gain to reflect "greater certainty around the recoverability of assets not yet received" from the bank's acquisition of Lehman Brothers.
Shares in Barclays also increased 2% in London.
(CD/JP)
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