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Barclays and RBS could face billions more in misconduct costs

May 21, 2015 7:58 AM ETBarclays PLC (BCS) StockBCS, NWGBy: Stephen Alpher, SA News Editor
  • Just having been hit with $3B over currency-rigging charges yesterday, Barclays (NYSE:BCS) and RBS will have to set aside another $11B within two years, according to JPMorgan.
  • For RBS, it still faces billions in potential MBS costs, and Barclays isn't finished with forex-related fines. Both, says JPMorgan, will need to top up reserves to compensate customers for payment protection insurance they didn't want or need.

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