Barclays Plc, whose three most senior officials resigned after the lender was fined for rigging Libor, said Finance Director Chris Lucas is being probed by regulators with regards to a fundraising four years ago.
The U.K. Financial Services Authority is investigating four current and former senior employees, including Lucas, over the disclosure of fees related to the bank's capital raisings in 2008, Barclays said in a statement today as it released first- half earnings. The bank also disclosed a further three lawsuits linked to its alleged manipulation of global interest rates.
“The FSA is investigating the sufficiency of disclosure in relation to fees payable under certain commercial agreements and whether these may have related to Barclays capital raisings in June and November 2008,” the bank said in the statement.
Continue Reading for Free
Register and gain access to:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.