The bank has requested that the FCA's upper tribunal review the findings.
The City regulator has revealed plans to fine Barclays £50m for alleged "reckless" conduct in relation to its 2008 financial crisis fundraising.
The Financial Conduct Authority said the penalty relates to a failure to disclose"certain arrangements" made with Qatari entities during the deals. The fundraising ultimately averted any need for the bank to seek a taxpayer-led bailout like its rivals Lloyds and RBS, the latter now known as NatWest Group.had referred its ruling to the FCA's upper tribunal, which will determine whether to uphold the fine.
Mark Steward, the FCA's executive director of enforcement and market oversight, said of its findings:"At the height of the financial crisis in October 2008, Barclays paid hundreds of millions of pounds in fees to certain Qatari investors so that they would contribute new capital."Barclays' failure to disclose these matters was reckless and lacked integrity and followed an earlier failure to disclose fees paid to Qatari investors in June 2008.
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