Barclays has revealed it is facing two new US regulatory investigations into its conduct, as part of its third quarter update that also revealed a pre-tax profit of £1.73bn.
According to the bank, which has been embroiled in the Libor rate rigging scandal, the US Department of Justice and US Securities and Exchange Commission are investigating whether its relationships with third parties who help it win or retain business are compliant with the US Foreign Corrupt Practices Act. Barclays said: "Barclays has been informed by the US Department of Justice (DOJ) and US Securities and Exchange Commission (SEC) that they are undertaking an investigation into whether the Group's relationships with third parties who assist Barclays to win or retain business are compl...
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