Financial Crime Financial Crime

Barclays fined GBP50 million for ‘reckless’ conduct with Qatari investors in 2008

By Fiona Maxwell and Martin Coyle
  • 21 Oct 2022 11:34
  • 21 Oct 2022 11:34
Banking giant Barclays has been fined 50 million pounds ($55 million) by the UK financial watchdog for failing to disclose its relationship with Qatari entities as part of capital raising exercises in the latest chapter of a long-running saga stemming from the global financial crisis in 2008. 

The penalty is provisional, as Barclays

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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