Top fine for top player

Top fine for top player

Barclays PLC continues to bolster its role as the bad boy of capital markets. The bank has just been fined $43.8 million over dismal compliance controls that allowed a trader to manipulate the setting of gold prices. This penalty comes just days after the bank was fined for rigging interest rates in 2012. Barclays is “the first bank to be fined over attempted manipulation of the 95-year-old London gold market.” The fine will surely provide more conspiracy theory material for the gold bugs.

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