The bank is fighting accusations by the US Department of Justice – made in December – over a decade-old mortgage bond mis-selling scandal. With regards to the whistleblowing investigation, the bank said it and Staley “are cooperating fully” with the Financial Conduct Authority and the Prudential Regulation Authority. “Barclays is also providing information to, and cooperating with, authorities in the United States with respect to these matters,” the bank said. The additional provision for PPI mis-selling takes Barclays’ total bill to £9.1bn and follows the move by Lloyds Banking Group on Thursday to increase its PPI provisions, taking its total to £18.1bn. Analysts at Shore Capital said the results “are worse than expected due to weaker than anticipated income performance and a further material PPI” charge.

Source: The Guardian July 28, 2017 07:26 UTC