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Barclays sets aside extra £700m for PPI Barclays sets aside extra £700m for PPI
(35 minutes later)
Barclays sets aside an extra £700m to meet compensation claims for mis-selling of payment protection insurance Barclays has set aside an extra £700m to meet compensation claims for mis-selling payment protection insurance.
This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. The news came as the bank reported a 13% jump in group pre-tax profits to £2.34bn for the first six months of the year.
If you want to receive Breaking News alerts via email, or on a smartphone or tablet via the BBC News App then details on how to do so are available on this help page. You can also follow @BBCBreaking on Twitter to get the latest alerts. The lender has been undergoing a major restructuring to focus on its core UK and US business.
Chief executive Jes Staley said: "Our business is now radically simplified, the restructuring is complete."
Barclays said it had set aside £2.1bn to deal with PPI complaints, but this was open to review.