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)

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