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

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 . . .

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