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BARCLAYS PLC (BARC)

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Delayed Quote. Delayed London Stock Exchange - 09/23 06:07:52 am
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24m ago BARCLAYS : UK regulator fines Barclays $62 million for client fund failings
43m ago BARCLAYS : rsquo; response to settlement with the FCA
1h ago BARCLAYS : pledges GBP1bn to rapidly growing green bonds sector
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Barclays : UK regulator fines Barclays $62 million for client fund failings

09/23/2014 | 05:58am US/Eastern
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Logos are seen outside a branch of Barclays bank in London

Britain's financial watchdog said on Tuesday it had fined Barclays 38 million pounds for failing to ensure that customer money was properly safeguarded and adequate records kept.

The fine is the highest ever imposed by Britain's Financial Conduct Authority (FCA) for client asset breaches, reflecting what it called "significant weaknesses" in Barclays' systems and controls between November 2007 and January 2012.

Barclays said it had not profited from the issue and that no customers had lost out as a result of the failings.

(Reporting by Matt Scuffham, editing by Kirstin Ridley)

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