Business News - Markets reports and financial news from Sky: Barclays Sets Aside £500m For For-Ex Fines

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Barclays Sets Aside £500m For For-Ex Fines Oct 30th 2014, 07:12 Share on Twitter Share on Facebook Share on Google+ Share on Whatsapp Share by email Barclays has confirmed a £500m provision for fines relating to allegations foreign exchange markets were manipulated by banks. The London-listed lender announced the figure in its third-quarter results statement which also contained further costs associated with the historic payment protection insurance (PPI) mis-selling scandal. It set aside an additional £170m for PPI and said it was also taking a charge of £160m related to the sale of interest rate hedging products. More follows...

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