Law firms

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.

This article is for Legal Business subscribers. Please log in or subscribe to read on.