Crisis-era fraud charges haunt Barclays as rivals move on - News Summed Up

Crisis-era fraud charges haunt Barclays as rivals move on


Criminal charges over Barclays' fundraising in the 2008 financial crisis add to the bank's legal battles in key markets just as rivals are leaving their troubles from that period behind. He has repeatedly described its legal cases as being 'legacy issues' that the bank is seeking to put behind it. Barclays is facing 21 regulatory investigations and civil actions mainly in the United States and Britain, its 2016 annual report showed. Barclays declined to comment on the business impact of the charges. Barclays by contrast is seeing its major legal cases mount.


Source: dna June 20, 2017 18:11 UTC



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