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Barclays fined for inadequate scrutiny in £1.9b deal

The latest fine comes as a blow to Mr McFarlane who's made "high performance ethic" a priority


BARCLAYS plc was fined £72.1 million (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.

The lender executed the so-called elephant deal in 2011 and 2012 for a number...

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