The cost of the payment protection insurance scandal has topped more than £40bn after Barclays took another £600m hit to pay compensation to customers who were mis-sold the product.
The extra provision, announced as the bank reported a 10% fall in nine-month profits, takes Barclays' costs to £8.4bn.
Data compiled by the thinkthank New City Agenda shows that this top up for Barclays has pushed the total provisions incurred by the industry to £40.2bn. Lloyds Banking Group makes up £17bn of that total.
Barclays said its extra provision was caused by the cutoff point of June 2019 for claims, set by the Financial Conduct Authority. It added: "We will continue to review the adequacy of the provision levels in respect of the FCA's proposals, which remain subject to consultation."
In the midst of an overhaul being led by chief executive Jes Staley, the bank insisted it was "open for business" after the Brexit vote. But Staley admitted he was considering what changes it might need to make to its business as the UK made plans to leave the EU.
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