LONDON: Scandal-hit Barclays has been fined more than £26 million pounds after a former trader at the bank was accused of trying to manipulate the price of gold, Britain's financial regulator said on Friday.
The Financial Conduct Authority said in a statement that it had fined Barclays £26.03 million ($43.87 million, 32.18 million euros) "for failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings" in relation to a fixed London pricing of gold over a nine-year period to 2013.
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