UPDATE 1-Barclays takes extra $1.2 bln hit for potential FX settlements

April 29, 2015 6:32 AM

62 0

LONDON, April 29 (Reuters) - Barclays set aside another 800 million pounds ($1.2 billion) on Wednesday to cover potential settlements for alleged foreign exchange manipulation, dragging its profits down by a quarter.

Barclays said it had now set aside 2.05 billion pounds to cover any FX settlement, after the extra provision to reflect "developments with certain authorities" since it last reported in March.

Also read: Mining Companies Are Back in the Black

Read more

To category page

Loading...