Barclays “made some mistakes on simple tasks” that led to trading blunder, chairman says

div classBodysc17zpet90 cdBBJodivpLONDON Reuters – Barclays Chairman Nigel Higgins said he was still investigating the circumstances that led to a multimillion dollar trading error but expects to find that the lender “made some mistakes on simple tasks”, he said on Wednesday.p

p“First of all, all of us here were dismayed that after so much progress, we had this entirely self inflicted problem,” Higgins told investors at Barclays annual shareholder meeting.pdivdivdiv classBodysc17zpet90 cdBBJodiv

pBarclays disclosed on March 28 that it had exceeded a U.S. limit on sales of structured products, triggering a loss and a potential restatement of 2021 accounts of two units.p

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pp Reporting by Lawrence White, writing by Sinead Cruise, editing by Karin Stroheckerp

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