BARCLAYS FINED £38m FOR PUTTING CLIENTS' ASSETS 'AT RISK' (STA BREAKING NEWS and ARCHIVES)

by STANews , Tuesday, September 23, 2014, 13:53

Barclays has been fined a record £38m by the City regulator for failing to keep its clients' assets separate from its own.

The fine comes three years after Barclays paid out £1.1m for a similar issue.

The Financial Conduct Authority (FCA) said the bank's investment arm had put £16.5bn of clients' assets "at risk" between November 2007 and January 2012.

Barclays said it did not profit from the issue and no customers lost out.

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