Advertisement
UK markets open in 6 hours 32 minutes

  • NIKKEI 225

    38,000.41
    -459.67 (-1.20%)
     

  • HANG SENG

    17,201.27
    +372.34 (+2.21%)
     

  • CRUDE OIL

    82.75
    -0.06 (-0.07%)
     

  • GOLD FUTURES

    2,329.80
    -8.60 (-0.37%)
     

  • DOW

    38,460.92
    -42.77 (-0.11%)
     

  • Bitcoin GBP

    51,695.98
    -1,685.12 (-3.16%)
     

  • CMC Crypto 200

    1,389.70
    -34.40 (-2.42%)
     

  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     

  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     
Money:

The five essential pieces of financial paperwork you must never lose

Mislaying key documents can cause real headaches, so it’s worth tracking down these most commonly-lost bits of paperwork

Former Barclays trader fined $1.2 million by Fed

Reuters - UK Focus

(Adds that Ashton declined to comment)

WASHINGTON, Aug 29 (Reuters) - The Federal Reserve Board said on Monday that it had fined a former Barclays Plc (LSE: BARC.L - news) foreign exchange trader $1.2 million for manipulating trades.

The former trader, Christopher Ashton, allegedly used chat rooms to coordinate investments and disclose confidential information in foreign exchange trades, the regulator said.

Through his London lawyer, Ashton declined to comment. Barclays also declined to comment.

Monday's action followed the board's May 2015 enforcement actions against Barclays for unsafe and unsound practices related to foreign exchange markets, the Federal Reserve said.

ADVERTISEMENT

Barclays was required to pay $342 million at that time.

In that case, the bank had settled with the New York state financial regulator and faces civil lawsuits stemming from the alleged abuse. (Reporting by Patrick Rucker; Editing by Lisa Von Ahn and Jonathan Oatis)