Barclays dragged into new probe after Libor blow

LONDON, July 27 (Reuters) – Barclays Plc revealed a new regulatory probe and more U.S. lawsuits on Friday, making it harder for the British lender to rebuild its reputation damaged by the central role it played in the interest rate-rigging scandal shaking banks.

Despite these latest blows, Barclays’ profit of more than 4 billion pounds ($6.3 billion) in the first six months of the year beat forecasts. The bank said its performance during July was ahead of last year and there had been no exodus of clients, sending its shares up more than 7 percent.

Barclays said Britain’s financial regulator had started an investigation into the bank and four current and former senior employees, including finance director Chris Lucas, on whether the bank made sufficient disclosures about the fees it paid in a 2008 capital raising.

View More 


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s