Barclays has confirmed a 26% fall in quarterly pre-tax profits and admitted it is facing international regulatory scrutiny over the possible manipulation of currency trading.
The third quarter brought in £1.39bn, amid higher spending to achieve its transformation objectives and a halving in income at its investment banking operations - blamed on uncertainty about when the US Federal Reserve would start to slow its massive quantitative easing programme to support economic recovery.
Profits from its investment bank dropped 53% to £463m while profits from UK retail and business banking were 2% down at £351m.
Antony Jenkins' Transformation plan has cost £741m over the year so far Over the first nine months of the year, group pre-tax profits were down 20% to £4.97bn but Barclays did not add to its £3.95bn total provision for the cost of the payment protection insurance mis-selling scandal, unlike rival Lloyds on Tuesday.
Barclays confirmed it was reviewing its foreign exchange trading over several years to August 2013 amid a worldwide regulatory inquiry into the market.
While authorities have not named individual banks at the centre of the probe, UBS and Deutsche Bank said on Wednesday that they were under investigation.
Barclays said a number of regulatory and enforcement authorities were investigating foreign exchange trading, including attempts to manipulate benchmark exchange rates.
The Barclays statement said: "It is not possible at this stage for Barclays to predict the impact of these investigations on it."
The bank has had to pay a string of penalties for the mistakes of its past - most notably a £291m fine for allegations relating to the rigging of the interbank lending rate, Libor.
Most recently it revealed it was facing a £50m fine over claims it acted recklessly in its multibillion-pound bailouts from Qatar in 2008.
Antony Jenkins, the chief executive appointed last summer after Bob Diamond quit over the Libor revelations, launched a campaign to overhaul the culture of the bank, with a major restructuring programme called Transform that has cost £741m so far this year.
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