Fines and litigation are of revenue nature, therefore they are set against the profit of a company. Only items of capital nature appear on the balance sheet.
Fines are imposed in the event of wrong doing or breaking laws. In that event, initially they are written off in Profit & Loss account (which is - now a days - known as Income Statement), but are not tax deductible. I do not know if all the fines imposed on BARC are tax deductible.
Yahoo that is right conservatively. They should make at least £6bn which puts them on 6.5x earnings. Which is ok for a bank. So they need to put this debacle behind them a get on with growing PBT as hard as they can. They definitely need another Sir on the board mind. They only have three.
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