The FTSE 100 bank in effect won a discount of £10m by challenging the fine, but was found by the regulator to have committed serious misconduct.
Barclays withdrew an appeal shortly before it was due to be heard yesterday by the upper tribunal, a court in London - although it said it still disputed the findings.
The Financial Conduct Authority (FCA) first imposed a £50m fine in 2022 after a long examination of the hurried deals struck as the British banking system teetered on the edge of collapse during the financial crisis of 2008.
The UK government was forced to bail out Lloyds Banking Group and the former Royal Bank of Scotland, now known as NatWest Group, to prevent the crisis escalating further.
Barclays narrowly avoided UK government intervention thanks to the deal with the Qatari state, as part of efforts in June and October 2008 to raise £11.8bn. The Qatar Investment Authority still owns 2.9% of Barclays.
この記事は The Guardian の November 26, 2024 版に掲載されています。
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この記事は The Guardian の November 26, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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