Barclays to Pay $19.5M Penalty for $17.7B Excess Debt Sale

Barclays PLC (BCS) has agreed to pay $19.5 million as settlement charges in a lawsuit filed by shareholders in Manhattan. The company was accused of securities fraud as it sold $17.7 billion debt above the regulatory limit. This was reported by Reuters.Details of the Lawsuit Faced by BarclaysShareholders asserted that they faced monetary loss by relying on BCS’ assurances concerning its policies and procedures. The bank claimed it adhered to regulatory standards and remained committed to strong internal con ...