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Barclays puts £1.3bn aside for trading blunder, marring fee surge
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fnlondon.comBarclays put £1.3bn aside to cover a trading blunder, hitting second-quarter profits within its corporate and investment bank despite a surge in trading revenue.
The UK lender announced an additional £1.3bn for "expected rescission costs" during the second quarter after it mistakenly sold billions more of its own securities than it meant to, an error which it revealed in April.
The...
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