Barclays attracts another mega-fine: £72 million for lack of client due diligence LeapRate

November 26, 2015 BY Maria Nikolova

Barclays attracts another mega-fine: £72 million for lack of client due diligence

Just a week after Barclays PLC (LON:BARC) agreed to pay $150 million in an FX settlement with New York State Department of Financial Services (DFS), the bank attracts another mega-fine... The Financial Conduct Authority (FCA) today announced the imposition of a £72 million ($108.8 million) fine on Barclays Bank over failures to minimise the risk…

October 13, 2015 BY Mike Fox

UBS to pay $19.5 million settlement involving notes linked to currency index

Case is agency’s first against an issuer of retail structured notes.

July 30, 2015 BY Maria Nikolova

Hong Kong SFC fines Nomura HK$4.5 million for failure to report trader misconduct

The trader incurred a US$3.3 million trading loss and then interfered with the bank's risk management system to conceal the actual risk exposure of his trades.

Tag: bank fine