The bank has already paid or set aside £4b to pay claims on mis-sold PPI (payment protection insurance) to retail customers in the UK. Analyst Chirantan Barua of Sanford C Bernstein has put the legal bill at £1.2b for the US dark pool allegations and other new issues. Barclays is defending the dark pool allegations, and wrote in court papers: ‘The complaint is based on clear and substantial factual errors…. Fundamentally, the complaint fails to identify any fraud—establishing no material misstatements, no identified victims, and no actual harm.’ Source: The Lawyer