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FCA looks to fine Barclays £50m over Qatari capital raisings

The regulator says that Barclays's actions around the raisings, conducted at the time of the 2008 financial crisis, were 'reckless and lacked integrity'

Scrutiny over fundraisings used by Barclays to keep it afloat during the financial crisis continues
Scrutiny over fundraisings used by Barclays to keep it afloat during the financial crisis continues Photo: Getty Images

The Financial Conduct Authority is seeking a £50m fine against Barclays over alleged disclosure failings around crisis-era capital raising deals with Qatari firms.

The regulator says that Barclays's actions around the raisings, which were conducted at the time of the 2008 financial crisis and "subject to intense market and public scrutiny", were "reckless and lacked integrity".

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