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Barclays harshly punished for trading error as investment banking heads south
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fnlondon.comOn the surface, Barclays’ punishment for issuing $15bn more US financial products than it had authorisation for looks way out of proportion to the crime.
The £450m cost for compensating lucky clients seems crazy given that there is no suggestion there was anything wrong with the products or that they were mis-sold in any other way.
The share...
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