UK regulator fines Barclays $51 million
Reuters · 19h
UK regulator fines Barclays $51 million after it drops appeal over Qatar dealings
Britain's financial regulator has fined Barclays 40 million pounds ($50.9 million) for its failure to disclose payments made to Qatari entities in 2008, after the bank on Monday said it had dropped its appeal over the case.
YAHOO!Finance · 22h
Barclays Fined £40 Million Over Qatar Fundraise Disclosures
Barclays Plc has been fined £40 million ($50.3 million) over the lender’s “reckless” failures to disclose details of its rescue by Qatar during the 2008 financial crisis, ending an eleven-year-long battle with British regulators.
The Financial Times · 1d
Barclays fined £40mn after dropping challenge over Qatar fundraising
The FCA said Barclays breached the UK’s listing rules by failing to disclose £322mn that it agreed to pay for “advisory services” to Qatar Holding at the same time as it accepted up to £4.6bn in capital from the state-backed investment group and a second Qatari vehicle.
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