Barclays Wavers Under Probe, Cuts Back Investments
March 3, 2015 5:40 pm
March 3, 2015 – Stock Market News
The Bank of England kicked investigations into full gear today. Barclays, for its history of corruption and rigging of markets. For the past year, Barclays is expected to pay out $1.25 billion in fines due to unwillingness to settle with UK, US, and Swiss authorities along with other major banks who had been jointly accused. In an announcement today, Barclays announced that it will have to cut back its investments due to the loss suffered in 2014. Today, it is currently down 2.2% after worse drops in price earlier today.
March 3, 2015 – Stock Market News
The Bank of England kicked investigations into full gear today. Barclays, for its history of corruption and rigging of markets. For the past year, Barclays is expected to pay out $1.25 billion in fines due to unwillingness to settle with UK, US, and Swiss authorities along with other major banks who had been jointly accused. In an announcement today, Barclays announced that it will have to cut back its investments due to the loss suffered in 2014. Today, it is currently down 2.2% after worse drops in price earlier today.
Related Posts: