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Barclays tests smartphone cash withdrawals

Barclays is letting some customers withdraw cash from ATMs by waving their phone near the machine.

Thousands of Barclays customers have had payments wrongly taken from their accounts, the bank says.

Barclays reports a jump in quarterly profits but sets aside another 600m to meet PPI claims.

Barclays has announced plans to axe almost 250 jobs at its contact centre in Coventry.

Barclays bank has paid $100m (77m) to settle a claim by 44 US states that it rigged the Libor interest rate system between 2005 and 2009.

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