Tuesday, February 05, 2013

Barclays Ups Mis-selling Provisions By £1BN

Barclays, the bank with a finger in every pie, has announced that it will increase its mis-selling provisions by another £1BN. The provision for mis-selling of payment protection insurance (PPI) will be increased up by £600M and the provision for the interest rate swaps by £400M.

Total provisions for mis-selling now stand at £2.6BN.

Give a man a gun and he can rob a bank, give a man a bank and he can rob everyone.

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