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Barclays reveals massive increase in litigation provisions

The U.K. banking firm's litigation provisions increased 142% in 2013

As litigation expenses are a constant issue for firms in the legal spotlight, banking firms have experienced some of the greatest stress caused by legal expenses since the financial crisis towards the end of the last decade. U.K. firm Barclays has been no exception, and the banking firm's report issued on February 11 details the huge increase in litigation provisions that the company allotted for 2013.  

The provisions went from £200 million to £485 million in one year alone, a 142 percent increase.

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Juliana Kenny

Juliana Kenny is a contributor to, covering a range of topics including patent litigation, conflict mineral laws, executive compensation, and antitrust regulation. Juliana earned B.A.s...

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