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Exclusive: British banks' turnaround plans frustrated by U.S. justice delays

Reuters  |  LONDON 

By Lawrence WhiteLONDON (Reuters) - Legal and investigative delays at the U.S. Department of Justice are thwarting efforts by three of Britain's biggest banks to rehabilitate themselves after the global financial crash and other problems, the banks' chief executives have said. Like their global competitors, Britain's top banks have spent billions of dollars in fines, settlements and restructuring costs to deal with legal and financial fallout from the 2008 crisis.For Barclays, RBS and Standard Chartered, hopes that their unresolved cases in the United States can be settled this year have been ...

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First Published: Tue, August 08 2017. 17:42 IST
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