Barclays fined £40m over 'reckless' Qatar fundraising
Source: BBC
The UK's financial watchdog has fined Barclays £40m over conduct during a fundraising drive in 2008 which it has called "reckless" and lacking integrity.The Financial Conduct Authority (FCA) says the bank failed to disclose arrangements with Qatari investors when it was looking to raise money at the height of the financial crisis.Barclays had been due to challenge the case brought by the regulator in court this…
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