Barclays bank falls into net loss on vast charges
British bank Barclays, which was rocked by a rate-rigging scandal earlier this year, said on Wednesday it fell into a ninemonth net loss as it took a vast charge on the value of its own debt. Barclays, which also took a large provision for insurance mis-selling, said in a results statement that losses after taxation stood at £200 million ($321 million, €248 million) in the nine months to September. That compared with £2.7 billion last time around. The bank had already flagged two weeks ago that it would take a £1.01-billion charge on the rising value of its own debt. The group, which suffered a boardroom shake-up after the Libor interest rate-rigging scandal, had also announced it would set aside another £700 million ($1.13 billion, €862 million) to compensate clients mis-sold insurance.