Barclays fined £40m for ‘reckless’ failures in 2008 Qatari fundraising
by Jasper Jolly from on (#6SFH0)
Bank's shares rise as it disputes FCA finding it should have disclosed more about deal during financial crisis
Barclays will pay a fine of 40m for reckless" failures to disclose a fundraising deal with Qatar at the height of the financial crisis, after the British bank agreed to withdraw a legal challenge against it.
The FTSE 100 bank effectively won a discount of 10m by challenging the fine, but was found by the regulator to have committed serious misconduct.
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