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Bank’s shares rise as it disputes FCA finding it should have disclosed more about deal during financial crisisBusiness live – latest updatesBarclays 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. Continue reading…
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.
