Barclays Annual Profits Fall 8% To £2.1bn

Barclays has reported an 8% fall in annual profits to £2.1bn after taking a £1.45bn hit over the payment protection insurance (PPI) mis-selling scandal in the last quarter. It means the bank set aside a total of £2.2bn for PPI last year, up from £1.27bn the year before and comes after a slower-than-expected decline in complaints over the affair in the second half of 2015. Barclays has now provided for a total of £7.4bn over the scandal and used up £5.3bn of th