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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: price-fixing or anti-competitive practices
Secondary Offense: foreign exchange market manipulation
Mega-Scandal: Benchmark 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 (click here)
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 Current Parent: United Kingdom
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.