UK banking group Barclays has put aside a further one billion pounds to cover compensation for mis-sold products in the fourth quarter, the company said on Tuesday morning.
Ahead of the group's full-year results next week, Barclays has warned that it has increased its provision for redress relating to interest-rate hedging products wrongfully sold to small- and medium-sized enterprises by another £400m for the final quarter of 2012. This takes the cumulative provision to £850m.
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