Barclays in two new US inquiries

Press Association

Barclays' already-tarnished reputation faces further damage as the bank admitted it was the subject of two fresh US investigations.

In light of inquiries by UK authorities into payments between the bank and Qatari investors, Barclays said the US Department of Justice had also launched its own probe. In addition, the US Federal Energy Regulatory Commission (Ferc) has warned Barclays it faces another fine following an investigation into power trading between 2006 and 2008.