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Barclays pays US$150m to settle currency probe

It admits unsafe, unsound conduct related to electronic trading platform

Barclays was fined 72.1 million pounds (S$153 million) by UK regulators for failing to fully probe a group of "politically exposed" ultra-high-net-worth clients tied to a transaction of 1.9 billion pounds.

New York

BARCLAYS plc agreed to pay US$150 million to New York's banking regulator to resolve allegations of abusive practices on its electronic currency exchange platform, agreeing to terminate the unit's head.

The London-based bank admitted unsafe and unsound conduct related to...