Barclays bank is facing new fines in the region of tens of millions of pounds in association with a multi-billion pound private investment five years ago, according to reports.
The bank is currently negotiating the size of the fine with the Financial Conduct Authority (FCA), according to a Sky News report. Barclays could face a £50m penalty for issues surrounding the £11.8bn capital-raisings from Qatari and other sovereign investors in 2008, which allowed the bank to escape a government bail-out. Barclays allegedly breached listing rules by not disclosing enough details to the stock market about the deal. However, a final agreement with the regulator is still being thrashed out and the size and nature of the penalties facing Barclays could still vary, the...
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