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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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 cover any settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March. "We are working hard to expedite their settlement," chief executive Antony Jenkins said, but the bank did not provide any more details on any potential deal.
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