Rumbling on – Barclays’ profits plunge after £750m Forex provision

Rumbling on – Barclays’ profits plunge after £750m Forex provision

The fallout from the Forex rigging scandal continues to rumble on with Barclays this week being the latest in a long line of banks to set aside huge sums to deal with the matter. The bank this week announced that it had set aside an additional provision of £750m in the last quarter of 2014 for ongoing investigations and litigation relating to Forex rigging investigations and related litigation.

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