View the article online at http://citywire.co.uk/wealth-manager/article/a733073
Barclays in new scandal over 27,000 'stolen & sold' client files
by Dylan Lobo on Feb 10, 2014 at 07:52
The revelation could leave Barclays facing a hefty fine. Back in 2009 HSBC was hit with a £3 million penalty after it was accused of being ‘careless’ in the handling of customer data.
Barclays stopped offering financial advice through its retail branches in 2011 after deeming it was no longer commercial viable. The decision came shortly after it was fined £7.7 million for mis-selling two Aviva funds.
The news is another blow to the bank, which has spent millions on 'Project Transform' in a bid to revive its reputation after it was hit with a £290 million for rigging Libor in June 2010.
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