03:48 24-10-2014
MAIN Russian
About us On-line subscription
KazakhstanTajikistanUzbekistanKyrgyzstanTurkmenistanWorld
POLITICSBUSINESSINCIDENTSSOCIETYCULTURESPORTANALYSISSCIENCE
Barclays Bank fined for handling of gold prices

Bishkek (AKIpress) - Barclays Bank Barclays Bank has been fined by British regulators for management failings that allowed an employee to make inappropriate trades in the gold market, the AP said.

The Financial Conduct Authority imposed a 26 million pound ($43.7 million) fine on Friday.

The regulator cited actions taken on June 28, 2012 when an individual trader “exploited the weaknesses in Barclays’ system” to influence the gold fixing prices and profit at a customer’s expense.

Barclays Chief Executive Antony Jenkins said the bank regrets the situation that led to the fine. He said Barclays had strengthened its systems and controls to prevent a recurrence.

The trader involved has also been fine and banned from the industry.


Twitterfacebookprint
15:45 23.05.2014
LATEST NEWS
18:16 Kyrgyz Economy Ministry considers possibility of tax exemptions for investors in processing industry18:05 Approved nominee for Energy Minister promises to bring Kyrgyzstan out of energy crisis17:45 Tajikistan condemns Western policy of sanctions against Russia17:44 Tesco chairman resigns after accounting scandal17:37 Parliament of Kyrgyzstan approves nominee for Minister of Energy and Industry17:31 Bishkek authorities mull introduction of monorail17:28 Tajikistan, Russia resolve all issues – Russian State Duma Speaker17:18 Kyrgyzaltyn in talks with investors concerning construction of gold bearing ore processing plant17:15 Doctor says Michael Schumacher improving, but recovery to take years17:12 Total amount of Tajik bank deposits 17.9% up in January-September 201417:06 Kazakhstan and Japan to sign investment deal - PM17:02 Commercial banks have no right to restrict sums of foreign exchange, says Kyrgyz National Bank16:59 Kyrgyzstan bids for ITU Council membership16:56 Talas region yields beans this year much less than before16:55 Three Uzbek citizens detained in Batken region for attempt to cross border illegally16:38 Delegation of Tajik ruling party leaves for China16:32 Israel's Netanyahu accuses Abbas over Jerusalem car attack16:29 National Bank of Kyrgyzstan sells biggest sum of dollars in 2014 to support som rate over 17 years16:22 Legislative Chamber of Uzbek Parliament passes public budget for 201516:22 Chinese company starts oil and gas exploration in Leilek district
Astana
+1° C
Ashgabat
+26° C
Bishkek
+15° C
Dushanbe
+20° C
Tashkent
+20° C
exchange rates
 
71.14
56.07
9.04
1.37
229.75
180.99
29.59
4.42
6.33
4.99
0.78
0.12
3084.28
2367.40
385.74
61.13
3.62
2.85
0.47
0.07

© AKIpress News Agency - 2001-2014
Use of the AKIpress.com materials must be accompanied by a hyperlink to www.akipress.com
Our address:
Moskovskaya str. 189, Bishkek, the Kyrgyz Republic
e-mail: english@akipress.org, akipressenglish@gmail.com;
Tel/Fax: +996(312)90-07-75