Barclays fined £50m after Qatar funding labelled “reckless” by FCA

Barclays to face the Upper Tribunal after capital raising in 2008 called ‘reckless and lacked integrity’ by the FCA.

Barclays has been fined £50m ($56.5m) by the UK’s Financial Conduct Authority (FCA) for failing to disclose “certain arrangements agreed with Qatar entities “as part of capital raisings announced in 2008.

The FCA says the bank’s conduct was “reckless and lacked integrity”, but Barclays has referred the Decision Notices issued

Capital

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