Banks ready for more FX lawsuits amid mixed Q3 results
Barclays and RBS cite potential litigation or investigations
In the third quarter, UK banks made further preparations for future foreign exchange litigation at home and in the US and Canada. The additional provisions come amid mixed revenues for fixed income, commodities and currencies (Ficc) at European banks during that time.
British banks prepare BarclaysBarclays boosted its FX litigation war chest during Q3 with an additional £290 million, set aside "as a result of an internal review relating to rates provided to certain customers on FX
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