Barclays Ups Its Mis-Selling Funds By £1bn

Barclays is to increase the funds put aside for mis-selling to consumers and businesses by another £1bn, taking the its total to £2.6bn.

The confirmation of the figure comes after Sky City Editor Mark Kleinman revealed the additional set aside last night.

Kleinman said: "The fund for mis-selling of payment protection insurance (PPI) has gone up by £600m and for the interest rate swaps by £400m."

Barclays is also ultimately likely to have to set aside money for potential Libor-related litigation, following its £290m in fines last summer for manipulating the interbank borrowing rate.

The announcement comes just a week before the bank's new chief executive, Antony Jenkins, unveils a blueprint for rebuilding Barclays' reputation.

Mr Jenkins and Sir David Walker, Barclays' chairman, are due to appear before the Parliamentary Commission on Banking Standards.

More follows...

Anda sedang membaca artikel tentang

Barclays Ups Its Mis-Selling Funds By £1bn

Dengan url

http://raskindollar.blogspot.com/2013/02/barclays-ups-its-mis-selling-funds-by.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Barclays Ups Its Mis-Selling Funds By £1bn

namun jangan lupa untuk meletakkan link

Barclays Ups Its Mis-Selling Funds By £1bn

sebagai sumbernya