Barclays fined $44 million over gold price fix

vendredi 23 mai 2014

A couple walks past a Barclays branch in downtown Rome Barclays Plc (BARC.L) has been fined 26 million pounds ($43.8 million) 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 Barclays is the first bank to be fined over attempted manipulation of the 95-year-old London gold market daily "fix", although a source said the fine was a one-off and not part of a wider investigation into gold price rigging. It marks another blow to Barclays' attempts to put past problems behind it. The Financial Conduct Authority said on Friday there were failings at Barclays from 2004 until 2013, but the key event occurred on June 28, 2012, a day after UK and U.S. regulators fined it $450 million over attempted Libor rigging.








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