Barclays downplays new FSA investigation

While better than expected results on Friday morning provided a lift for Barclays, the bank has been rocked by news of a new regulatory investigation, this time over fees it paid to advisors when it raised fresh capital in the middle of the credit crunch.

While better than expected results on Friday morning provided a lift for Barclays, the bank has been rocked by news of a new regulatory investigation, this time over fees it paid to advisors when it raised fresh capital in the middle of the credit crunch.

The revelation was tucked away on page 73 of the company's interim results statement which, at most, bought the company an hour or two of peace before the news media were all over the story like jackals on a wounded wildebeest.

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