Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/article/a645017
Barclays fined €600,000 over structured bond sales
by Sarah Miloudi on Dec 12, 2012 at 07:49
Barclays has been fined €600,000 by the Spanish financial regulator for under-estimating the risk of bonds sold to clients.
CNMV,t he country's stock market watchdog, hit the bank with the penalty, serving it to Barclays Bank's Spanish division over four structured bonds sold to clients between January and March 2008, the Times reported.
The latest fine draws a close on what has been a difficult year for Barclays globally, with the Libor manipulation scandal during the summer forcing its former chief executive Bob Diamond (pictured) to quit along with two other senior executives.
The investigation over Libor also resulted in a record £290 million fine, and the bank had to install a new chief executive to help repair its reputation.
News sponsored by:
Today's top headlines
More about this:
Look up the shares
More from us
- MPs damn 'deeply wrong' culture at Barclays in Libor report
- 'Deeply disappointed' Diamond quits Barclays - as Agius returns
- Other banks could face bigger Libor rigging fines - Barclays
On the road
by Alex Steger on Dec 11, 2013 at 10:19