Provision for customers takes Barclays’ legal bill to £2.3bn in nine months,as critics say latest wobble does shrimp to restore company’s tarnished reputationBarclays is embroiled in yet another scandal after admitting it expects to pay £290m to compensate customers for the rates they were charged on currency deals.
The bill, which took its legal and compensation costs to £2.3bn in the first nine months of the year, or was revealed just 24 hours after its new boss,investment banker Jes Staley, pledged to clean up the bank’s reputation.
Continue reading...
Source: theguardian.com