Barclays PLC Hit With $44 Million Fine Over Gold Price Fix

Mani

Published onMay 23, 2014

Updated on May 13, 2021

The U.K.’s top financial watchdog, the Financial Conduct Authority (FCA), has fined Barclays PLC (NYSE:BCS) (LON:BARC) $43.8 million (26 million pounds) after accusing one of the bank’s former traders of improperly influencing gold prices at the expense of a customer.

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Barclays PLC Hit With $44 Million Fine Over Gold Price Fix — Source: Wikimedia Commons

Officials say the trader’s gold price manipulation took place a day after U.K. and U.S. regulators fined Barclays PLC (NYSE:BCS) (LON:BARC) $450 million over attempted Libor rigging.

Barclays PLC Disregards customer’s interest?

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Barclays PLC Hit With $44 Million Fine Over Gold Price Fix

Barclays PLC Disregards customer’s interest?

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