Litigation claims cause Barclays CEO to refuse 2013 bonus in best interest of bank

Anthony Jenkins takes the heat for bank failures

While financial institutions are finally beginning to bounce back from the economic downtown, some banks can stand to be a little more cautious when it comes to how they spend their money.

Take the Barclays for example, the second largest bank in the U.K. that was charged 330 million pounds (almost $450 million) for regulatory penalties and lawsuits in Q4 of 2013. According to a recent Bloomberg Business Week report, regulators are investigating Barclays for the possible manipulation of foreign-exchange markets and after the bank is reviewing its trading over a “several-year” period.

Contributing Author

Stefanie Mosca

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.