The profit warning comes after a series of high-profile scandals that have rocked the bank in recent years.
"These litigation provisions have been incurred in respect of a number of cases where the Group has more proactively pursued settlements and primarily relate to legacy litigation matters from our investment banking business," the bank said.Bloomberg | Bloomberg | Getty Imagesannounced on Tuesday that its fourth-quarter earnings are set to be "negatively impacted" by increased litigation provisions.
Most recently, Chairman Antonio Horta-Osorio resigned earlier this month after violating Covid-19 quarantine rules.
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