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Fresh FSA probe overshadows Barclays' profits

Barclays beat analyst expectations this morning with a strong set of first-half figures but promptly had the gloss removed by revelations of a new investigation by the UK regulator

Strong first-half results at Barclays’ corporate and investment bank were overshadowed by revelations of a new regulatory probe into the UK bank and four past and present senior staff, including its finance director.

The UK bank, which has already been the subject of public anger over its role in the fixing of Libor, revealed in its first half interim report this morning that it was under investigation by the UK regulator over whether it had provided sufficient disclosure during capital raisings carried out in late 2008.

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