Barclays payment protection insurance News

Barclays, already rocked by an interest-rate rigging scandal, on Wednesday disclosed new U.S. regulatory investigations into the bank’s financial probity and also said its profit was hit by charges for mis-selling insurance. Its shares fell almost 5 percent, hurt by …

Barclays PLC has set aside another 700 million pounds ($1.1 billion) to compensate customers who bought payment protection insurance which they didn’t need. The bank’s announcement raised its total provision for mis-selling insurance to 2 billion pounds, which it said …