net_left adver left
Detail

Barclays to pay $361 million over securities selling blunder

By John McCrank and Michelle Price (Reuters) -British lender Barclays Plc (L:BARC) agreed with the U.S. Securities and Exchange Commission to pay $361 million after control...
Barclays to pay $361 million over securities selling blunder © Reuters. FILE PHOTO: The logo of Barclays bank is seen on glass lamps outside of a branch of the bank in the City of London financial district in London September 4, 2017. REUTERS/Toby Melville
let atwWrapper,atwContainerWidth,atwSliderBox,atwTotalWidth; function initATWSlider() { atwWrapper = $('.relatedInstruments'); atwSliderBox = atwWrapper.find('.slider'); atwContainerWidth = atwWrapper.width(); atwTotalWidth = atwSliderBox.width(); if(window.domainId === '2' || window.domainId === '3'){ atwWrapper.find('.sliderRight').addClass('js-slider-prev'); atwWrapper.find('.sliderLeft').addClass('js-slider-next'); } else { atwWrapper.find('.sliderRight').addClass('js-slider-next'); atwWrapper.find('.sliderLeft').addClass('js-slider-prev'); } if(atwSliderBox.find('.instrumentBox').length > 6){ atwWrapper.find('.js-slider-next').fadeIn(600); } } function atwMoveRight() { atwWrapper.find('.js-slider-prev').fadeIn(150); $(".slider > :visible:first").hide(150) $(".slider > :visible:last").next().show(150); if(!$(".slider > :visible:last").next().find('.name')()){ atwWrapper.find('.js-slider-next').fadeOut(150); return; } } function atwMoveLeft() { atwWrapper.find('.js-slider-next').fadeIn(150); $(".slider > :visible:last").hide(150); $(".slider > :visible:first").prev().show(150); if(!$(".slider > :visible:first").prev().find('.name')()){ atwWrapper.find('.js-slider-prev').fadeOut(150); return; } } initATWSlider(); //update star icon on adding/removing instrument to/from specific watchlist atwWrapper.on('click', 'label.addRow', function() { let parent = $(this).parent(); let checkedPortfolio = false; parent.find('input[type=checkbox]').each(function () { if($(this).is(':checked')){ checkedPortfolio = true; } }); let closestStar = $(this).closest('.addToPortWrapper').find('.star'); if(checkedPortfolio){ closestStar.addClass('added'); }else{ closestStar.removeClass('added'); } }); //update star icon on creating new watchlist atwWrapper.find('.js-create-watchlist-portfolio').find('a.js-create').on('click',function () { let parent = $(this).parent(); let watchlistName = parent.find('input[type=text]').val(); if(!watchlistName){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); //update star icon on adding new position atwWrapper.find('.js-create-holdings-portfolio').find('.js-submit').on('click',function () { let addPositionForm = $(this).closest('.addToPortfolioPop').find('.holdingsContent'); let amount = addPositionForm.find('.js-amount').val(); if(amount < 1){ return; } let star = $(this).closest('.addToPortWrapper').find('.star'); star.addClass('added'); }); window.atwPairTypes = {"282":"Equities"};

By John McCrank and Michelle Price

(Reuters) -British lender Barclays Plc (L:BARC) agreed with the U.S. Securities and Exchange Commission to pay $361 million after control failures led the bank to sell $17.7 billion of securities it was not allowed to issue.

The conduct concerned dates back to March this year when Barclays disclosed that it had accidentally oversold complex structured and exchange-traded notes, overshooting by about 75% a $20.8 billion limit on such sales it had agreed with the SEC.

The bank had failed to implement any internal controls to track such transactions in real time, the SEC found.

"While we acknowledge Barclays' efforts to identify, disclose and remediate this conduct, the control deficiencies and the scope of the conduct at issue here was simply staggering," Gurbir Grewal, director of the SEC’s Division of Enforcement, said in a statement.

A spokesperson for Barclays, which did not admit or deny the SEC's findings, declined to comment.

Buyers of the notes, considered "unregistered securities," had the right to demand Barclays buy back the products at the original price plus interest. The bank took a charge of 1.3 billion pounds in the second quarter to cover the costs of buying back the securities, denting its profits.

On Thursday, the SEC said Barclays had also agreed to pay a $200 million civil penalty for the control lapses. In addition, it agreed to pay disgorgement and interest of more than $161 million, although the regulator said that additional charge was satisfied by the buyback offer.

While the SEC settlement helps draw a line under the incident, which has been an embarrassment for chief executive C.S. Venkatakrishnan during his first year in the role, the bank still faces private litigation relating to the incident.

WELL-SEASONED ISSUER

The snafu stemmed from a previous enforcement settlement Barclays agreed with the SEC in 2017 which stripped the bank of its "well known seasoned issuer" status that had allowed it to sell notes in the United States with flexible filing requirements.

As a result, Barclays had to quantify the total number of securities that it anticipated offering and selling and pay registration fees for those offerings in advance. In August 2019, the bank and the SEC agreed Barclays could offer or sell approximately $20.8 billion of securities, for a period of three years.

Given this requirement, staff knew they had to keep close track of actual offers and sales of securities against the amount of registered offers and sales on a real-time basis, but the bank failed to establish a mechanism to do this, the SEC said.

Around March 9, staff realized that they had oversold the agreed amount of securities and alerted regulators a few days later, the SEC said.

HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
02-12-2022 21:05:31 (UTC+7)

EUR/USD

1.0454

-0.0068 (-0.65%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

EUR/USD

1.0454

-0.0068 (-0.65%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (7)

Sell (2)

GBP/USD

1.2178

-0.0075 (-0.61%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (7)

Sell (1)

USD/JPY

135.65

+0.38 (+0.28%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

AUD/USD

0.6758

-0.0051 (-0.75%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (3)

Sell (5)

USD/CAD

1.3485

+0.0053 (+0.40%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (2)

Sell (7)

EUR/JPY

141.80

-0.56 (-0.39%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9851

-0.0008 (-0.08%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (6)

Sell (1)

Gold Futures

1,796.25

-18.95 (-1.04%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

Silver Futures

22.558

-0.283 (-1.24%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (8)

Copper Futures

3.7605

-0.0570 (-1.49%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Crude Oil WTI Futures

80.47

-0.75 (-0.92%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Brent Oil Futures

86.16

-0.72 (-0.83%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Natural Gas Futures

6.493

-0.245 (-3.64%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Coffee C Futures

162.25

-3.50 (-2.11%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (7)

Euro Stoxx 50

3,961.05

-23.45 (-0.59%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (5)

S&P 500

4,076.57

-3.54 (-0.09%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

DAX

14,454.45

-35.85 (-0.25%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (3)

Sell (2)

FTSE 100

7,526.85

-31.64 (-0.42%)

Summary

Neutral

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (5)

Sell (1)

Hang Seng

18,675.35

-61.09 (-0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

US Small Cap 2000

1,884.57

-2.01 (-0.11%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (3)

IBEX 35

8,371.98

-35.92 (-0.43%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (1)

Sell (5)

BASF SE NA O.N.

48.105

0.245 (0.51%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (1)

Bayer AG NA

54.84

-0.19 (-0.35%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (3)

Allianz SE VNA O.N.

202.43

-1.32 (-0.65%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (1)

Adidas AG

123.12

-1.80 (-1.44%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (2)

Deutsche Lufthansa AG

7.694

+0.118 (+1.56%)

Summary

Neutral

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (9)

Sell (1)

Siemens AG Class N

133.35

-0.31 (-0.23%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (8)

Sell (1)

Deutsche Bank AG

9.97

0.065 (0.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

    EUR/USD 1.0454 Neutral  
    GBP/USD 1.2178 Neutral  
    USD/JPY 135.65 ↑ Buy  
    AUD/USD 0.6758 ↑ Sell  
    USD/CAD 1.3485 Neutral  
    EUR/JPY 141.80 ↑ Buy  
    EUR/CHF 0.9851 ↑ Buy  
    Gold 1,796.25 ↑ Sell  
    Silver 22.558 ↑ Sell  
    Copper 3.7605 ↑ Sell  
    Crude Oil WTI 80.47 ↑ Sell  
    Brent Oil 86.16 ↑ Sell  
    Natural Gas 6.493 ↑ Sell  
    US Coffee C 162.25 ↑ Sell  
    Euro Stoxx 50 3,961.05 ↑ Sell  
    S&P 500 4,076.57 ↑ Sell  
    DAX 14,454.45 Neutral  
    FTSE 100 7,526.85 Neutral  
    Hang Seng 18,675.35 ↑ Sell  
    Small Cap 2000 1,884.57 ↑ Buy  
    IBEX 35 8,371.98 ↑ Sell  
    BASF 48.105 Buy  
    Bayer 54.84 ↑ Buy  
    Allianz 202.43 ↑ Buy  
    Adidas 123.12 Sell  
    Lufthansa 7.694 Neutral  
    Siemens AG 133.35 Buy  
    Deutsche Bank AG 9.97 ↑ Buy  
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,670
(-40/ -40) # 1,414
SJC HCM6,620/ 6,700
(-15/ -15) # 1,444
SJC Hanoi6,620/ 6,702
(-15/ -15) # 1,446
SJC Danang6,620/ 6,702
(-15/ -15) # 1,446
SJC Nhatrang6,620/ 6,702
(-15/ -15) # 1,446
SJC Cantho6,620/ 6,702
(-15/ -15) # 1,446
Cập nhật 02-12-2022 21:05:33
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,783.99 -18.44 -1.02%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩm Vùng 1 Vùng 2
RON 95-V23.83024.300
RON 95-III22.70023.150
E5 RON 92-II21.67022.100
DO 0.05S23.21023.670
DO 0,001S-V25.19025.690
Dầu hỏa 2-K23.56024.030
ↂ Giá dầu thô thế giới
WTI $80.62 +0.68 0.83%
Brent $86.26 +0.79 0.91%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.930,0024.240,00
EUR24.695,6126.077,28
GBP28.769,6729.995,10
JPY174,05184,25
KRW16,0519,55
Cập nhật lúc 18:54:05 02/12/2022
Xem bảng tỷ giá hối đoái
adver main right