Violation Tracker Individual Record

Company: 
Barclays Bank PLC
Current Parent Company: 
Barclays
Penalty: 
$150,000,000
Year: 
2015
Date: 
November 18, 2015
Offense Group: 
competition-related offenses
Primary Offense: 
foreign exchange market manipulation
Violation Description: 

Barclays agreed to pay an additional $150 million penalty to the New York State Department of Financial Services and terminate its Global Head of Electronic Fixed Income, Currencies, and Commodities Automated Flow Trading for misconduct related to automated, electronic foreign exchange trading. This was on top of a $485 million payment to DFS earlier in 2015.

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.