Violation Tracker Individual Record

Company: 
Barclays Bank PLC
Current Parent Company: 
Barclays
Penalty: 
$485,000,000
Year: 
2015
Date: 
May 20, 2015
Offense Group: 
competition-related offenses
Primary Offense: 
foreign exchange market manipulation
Violation Description: 

Barclays agreed to terminate eight employees and pay $485 million to the Department of Financial Services in connection with an alleged scheme to manipulate spot trading in the foreign exchange market. At the same time, Barclays paid $710 million to resolve related federal criminal charges; see the Violation Tracker entry at https://violationtracker.goodjobsfirst.org/violation-tracker/-barclays-plc

Level of Government: 
state
Action Type: 
agency action
Agency: 
New York Department of Financial Services
Civil or Criminal Case: 
civil
Facility State: 
New York
HQ Country of Parent: 
United Kingdom
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
financial services
Specific Industry of Parent: 
banking
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.