Barclays Fined £40 Million Over Qatar Fundraising Disclosures
- Barclays has been fined £40 million for failing to disclose more details about £11.8 billion in funding during the 2008 financial crisis, which helped avoid taxpayer aid.
- The Financial Conduct Authority stated that banks must take their obligations to the market and shareholders seriously, especially during times of national importance like 2008.
- Barclays did not challenge the FCA's enforcement case, allowing the fine to be imposed after a lengthy investigation starting in 2013.
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Total News Sources0
Leaning Left4Leaning Right2Center8Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 29%
C 57%
14%
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