Major investors at Barclays are to grill its chairman over a multi-billion-pound trading gaffe. Nigel Higgins will be meeting top shareholders to be questioned about the debacle ahead of the bank's annual meeting next month. Barclays came under fire last month after revealing that it had sold more investment banking products in the United States than it was allowed to – overshooting its limit by £11.5billion. Overshoot: Barclays came under fire last month after revealing that it had sold more investment banking products in the United States than it was allowed toIt estimated the error would cost up to £450million. If someone in the investment banking division who was responsible hasn't been fired, then I'd want to know why.

Source: Daily Mail April 17, 2022 21:47 UTC