Barclays is facing a £450million hit and regulatory investigations after it made a mess of selling basic trading products in the US. The bank registered with the US regulator to sell £16billion of equities and other assets in August 2019. But it landed itself in hot water by exceeding the registered amount by a whopping £11.6billion. Trading error: Barclays registered with the US regulator to sell £16bn of assets in August 2019. The bank also warned regulators are ‘conducting inquiries and making requests’ opening up the potential for a fine.

Source: Daily Mail March 28, 2022 21:40 UTC