Monday 16 September 2013

Barclays Braced For Fine Over Qatar Deals

Barclays Braced For Fine Over Qatar Deals:

"Barclays is braced for another major financial penalty over the deals that enabled it to escape British taxpayers' clutches by raising billions of pounds from private investors five years ago.

Sky News has learnt that the bank is negotiating a settlement with the Financial Conduct Authority (FCA) that could involve it paying tens of millions of pounds, according to people close to the talks.

A final agreement with the City watchdog, which could involve a fine of about £50m, is still being thrashed out and the size and nature of the penalties facing Barclays could still vary, they said."

'via Blog this'

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