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Barclays sets aside another £1bn for mis-selling redress

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Barclays sets aside another £1bn for mis-selling redress

Barclays has set aside a further £1 billion to pay redress to customers mis-sold payment protection insurance (PPI) and interest rate swaps.

Barclays had previously made a provision of £450 million for interest rate swap redress, but announced a further £400 million had been put aside following the findings of a recent Financial Services Authority probe, and the onset of its own internal review.

The bank also announced plans to set aside a further £600 million for PPI redress, bringing its cumulative PPI provision to £2.6 billion.

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Asset managers: 'There is going to be a distribution revolution'

1 Comment Play Asset managers: 'There is going to be a distribution revolution'

In footage not used in our original CEO tapes videos, five CEOs discuss how distribution will change in the future. Will 'distribution' be revolutionised by technology the same way that Spotify changed music or the Kindle changed publishing?

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