Barclays increased the amount it sets aside for litigation by 142% last year, in a move to hedge itself against several outstanding disputes and enforcement actions by authorities in the UK and US.
February 11, 2014 at 06:19 AM
1 minute read
The original version of this story was published on Legalweek
Barclays increased the amount it sets aside for litigation by 142% last year, in a move to hedge itself against several outstanding disputes and enforcement actions by authorities in the UK and US.
The bank’s annual report for 2013, published today (11 February) shows provisions grew from £200m to £485m in the year to 31 December 2013.
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