Regulators fine Barclays $150m over last look
Barclays has been ordered to remove an unnamed global head of electronic trading for foreign exchange, the latest in a series of high-level departures from the business
The New York State Department of Financial Services (NYDFS) has levied a fine of $150 million against Barclays over the bank's use of last look on its electronic trading systems, pushing the total bill for the forex investigation to $635 million for the UK bank.
As part of the penalty, the bank was also forced to let go an unnamed global head of electronic fixed income, currencies and commodities
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