Barclays set £1bn aside for yet more errors
So what's the problem? Well, they've confirmed that they've still got a lot of mess to clean up, from their errors in the past, adding £1bn to their cock-up pot.
Barclays said £250m has been put to one side for customer redress on packaged bank accounts, which basically means that they're sorting out allegations of misselling. They've also kept £750m aside over the PPI scandal.
In total, they have a bill of £6bn for all the stuff they've messed-up on.
John McFarlane, the person who replaced Jenkins earlier this month, said that the bank need to get their act together, and that they need to "accelerate growth in earnings", cut costs, and "streamline and eliminate unnecessary and cumbersome bureaucracy". "There is a lot we can do to accelerate our progress and the work has already begun," said Mr McFarlane.
There's been rumours doing the rounds that suggest Barclays might have to axe up to 30,000 jobs too, which is lousy news indeed.