Barclays, Fidelity and HSBC have been flagged by the Financial Conduct Authority as the most-complained about firms for investments in the first half of 2014. Barclays had 2,844 investment complaints reported against it in the first half, the FCA said, followed by Financial Administration Services Limited (responsible for Fidelity ISAs and FundsNetwork) and HSBC, both […]

The FCA has fined Barclays Bank Plc £37,745,000 for failing to adequately protect its clients’ custody assets. The FCA found that weaknesses in Barclays’ procedures and internal controls meant customers could have risked incurring extra costs, faced long delays or losing their assets if the bank had become insolvent. The fine relates to 95 custody […]

Bank in discussions with Financial Conduct Authority, three years after penalty for failing to ringfence client assets from own funds Barclays faces paying tens of millions of pounds to the City watchdog for failing to keep its clients’ money safe, despite having already been hit with a fine over the issue. The bank and the […]

(Reuters has reported 23 May 2014) – Barclay’s Plc (BARC.L) has been fined 26 million pounds for failures in internal controls that allowed a trader to manipulate the setting of gold prices just a day after the bank was fined for rigging Libor interest rates in 2012. Britain’s Barclay’s is the first bank to be […]