AN INVESTIGATION has been launched by the Financial Services Authority (FSA) into Barclays group FD Chris Lucas, and three other current and former staff, over disclosure concerns.
The FSA’s investigation will look at the bank’s sufficiency of disclosure in relation to fees payable under “certain commercial agreements”, and whether these may have been related to Barclays’ capital raisings in June and November 2008.
The bank, in its interim statement, said it considers that it satisfied its disclosure obligations, and will “fully cooperate with the FSA’s investigation”.
The interim statement also showed the bank’s pre-tax profits were down 71% from £2.6bn at this point last year to £759m this year.
Cowgill Holloway and Warings Business Advisors have merged, with a range of growth plans in the North West put in place
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy Age Jobs is delighted to announce the launch of a brand new look website for finance and accountancy professionals