Barclays, the bank with a finger in every pie, has announced that it will increase its mis-selling provisions by another £1BN. The provision for mis-selling of payment protection insurance (PPI) will be increased up by £600M and the provision for the interest rate swaps by £400M.
Total provisions for mis-selling now stand at £2.6BN.
Give a man a gun and he can rob a bank, give a man a bank and he can rob everyone.
