Market Currents
Saying it has experienced higher-than-anticipated claims over payment protection insurance...
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Thursday, October 18, 2012, 12:33 PM ETSaying it has experienced higher-than-anticipated claims over payment protection insurance policies it sold, Barclays (BCS -1.5%) reserves an additional £700M. The bank has thus far paid out £1.2B in claims, and the U.K. banking industry as a whole has set aside more than £10B.
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