Barclays bank announce profits for Q1 2013 of £1,8 billion, as they try and clean up their act following various scandals where they have had to set aside billions for mis selling and rate manipulation. The costs for changing the way they work, think and trade come to £609 million, as they try to rebuild their client's trust and excorcise the greed factor from their various trading and sales areas.
Barclays hopes to emerge from this restructuring period whiter than white and let's hope that all the skeletons in the vaults have now emerged, from the entire UK banking industry, that has treated it's client base in an appalling fashion over the past ten years or so.