Bloomberg News reports the bank may incur a $1.17bn charge to settle a foreign-exchange probe with regulators and a further $334m relating to a U.S. investigation into its private-trading venue, Chirantan Barua, an analyst at Bernstein in London, said in a note. The bank could reach settlements by the end of 2014, he said.
Barclays is part of a group of banks in talks with the U.K.’s Financial Conduct Authority to resolve allegations dealers traded ahead of their clients and colluded to rig the WM/Reuters rate.
It is also fighting a U.S. lawsuit accusing it of falsifying marketing materials to hide the presence of high-frequency traders in its dark pool.
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