City watchdog is understood to have told Barclays it should have informed wider market about its Qatari deals


The City watchdog has warned Barclays that it could impose financial penalties on the bank and some of its top executives as part of a probe into fundraisings that allowed the British lender to avoid taxpayers' clutches in 2008. Sky News has learnt that the Financial Conduct Authority (FCA) has ruled that Barclays struck commercial arrangements on terms that were favourable to Qatari investors in the summer of 2009 which should have been disclosed to the stock market. In a preliminary judgement handed to the bank late last month, the FCA expressed a view that the arrangements should have been disclosed to the stock market, according to people familiar with the discussions.....Read more here