Settlement with Department of Financial Services

RNS Number : 1943G

Barclays PLC

18 November 2015

 

BARCLAYS PLC

BARCLAYS BANK PLC

Barclays announces settlement with New York State Department of Financial Services regarding foreign exchange electronic trading

Barclays Bank PLC has today reached a settlement with the New York State Department of Financial Services ("DFS") in respect of its investigation into Barclays' electronic trading of foreign exchange ("FX") and FX electronic trading systems in the period 2009 to 2014. The DFS is imposing a civil monetary penalty of $US150 million on Barclays Bank PLC, primarily for certain internal systems and controls failures.

The civil penalty payable under the settlement will be reflected in Barclays' Q4 2015 results.

Barclays continues to co-operate with other ongoing investigations and to manage related litigation risks as previously disclosed.

For further information please contact:

Investor Relations	Media Relations
Kathryn McLeland	Tom Hoskin
[phone]	[phone]

About Barclays

Barclays is an international financial services provider engaged in personal, corporate and investment banking, credit cards and wealth management with an extensive presence in Europe, the Americas, Africa and Asia. Barclays' purpose is to help people achieve their ambitions - in the right way.

With 325 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 130,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide.

For further information about Barclays, please visit our website www.home.barclays

 

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