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Barclays sets aside further £800m for forex probe

It has now set aside £2.05b to cover any settlement; reports statutory pretax profit of £1.3b, down 26% yoy

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Under Mr Jenkins, Barclays has abandoned its ambition of being a Wall Street powerhouse, shrinking its investment bank in favour of a return to its retail roots.

London

Barclays set aside another £800 million (S$1.6 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, hitting profits and reflecting its struggle to put past problems behind it.

Barclays said it had now set aside £2.05 billion to...

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