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Barclays says wants to resolve FX probes as quickly as possible

Tue, 03rd Mar 2015 08:50

LONDON, March 3 (Reuters) - Barclays wants tosettle investigations into the alleged manipulation of foreignexchange trading with as many authorities as possible, asquickly as possible, its finance director said.

Barclays on Tuesday set aside an extra 750 million pounds($1.2 billion) for potential fines arising from allegations ofmanipulation in currency markets. The British bank pulled out ofa deal between U.S. and UK authorities and six rival banks inNovember over the issue because it had not reached a deal withNew York's regulator.

"We want to move through as expeditiously as we can, andachieve a settlement as quickly as we can, with as many agenciesthat have an interest in this and that are investigating thematter," Finance Director Tushar Morzaria told reporters on aconference call.

"We are working as hard as we can to resolve these mattersand put them behind us," he said. He declined further comment onthe likely timing of any settlement.

($1 = 0.6509 pounds) (Reporting by Steve Slater; Editing by Matt Scuffham)

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