Barclays reveals further £330m charge for legal and regulatory - TopicsExpress

Barclays reveals further £330m charge for legal and regulatory costs Barclays is facing an extra £330m in costs for legal and regulatory bills, the bank announced on Wednesday, as it confirmed that its branch network faces an overhaul in the coming years. In an unscheduled announcement to the stock exchange, Barclays revealed the latest charge for litigation and regulatory penalties in its investment bank, where it is thought hundreds of jobs are on the line as part of a series of cost-cutting measures being prepared by the chief executive, Antony Jenkins. The banks full-year results are to be announced on 11 February 11 and it has joined Royal Bank of Scotland in being forced to issue a trading update ahead of formal publication of results. Read On : hereisthecity/en-gb/2014/01/30/barclays-reveals-further-330m-charge-for-legal-and-regulatory-co/

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