Barclays has been fined £40m over capital raising that averted its need for taxpayer aid during the 2008 financial crisis.
The Financial Conduct Authority (FCA) found that the bank should have disclosed more details to the stock market about the £11.8bn in funding, from Qatari and other sovereign investors, that it had previously described as “reckless” and lacking integrity.
The penalty followed a protracted legal process that began in 2013.
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