Barclays PLC Hit With $44 Million Fine Over Gold Price Fix

The U.K.’s top financial watchdog, the Financial Conduct Authority (FCA), has fined Barclays PLC (NYSE:BCS) (LON:BARC) $43.8 million (26 million pounds) after accusing one of the bank’s former traders of improperly influencing gold prices at the expense of a customer. Officials say the trader’s gold price manipulation took place a day after U.K. and U.S. regulators fined Barclays PLC (NYSE:BCS) (LON:BARC) $450 million over attempted Libor rigging. Barclays PLC Disregards customer’s interest? The U.K.’s Financial Conduct Authority said Friday that the alleged manipulation of London gold prices was “extremely disappointing” and resulted from Barclays PLC (NYSE:BCS) (LON:BARC) “failing to adequately manage conflicts of…