One might have felt that some of the fines recently dished out by the UK’s FSA (FSA slaps JP Morgan with biggest fine ever, UBS fined for dodgy dealing) were on the harsh side but they were nothing more than a clips round the ear compared with this week’s judgement meted out to Barclays by US authorities (Federal Reserve Board press release, Department of Justice press release). Barclays has to stump up a total of $298 million, split 50/50 between “the United States and to the New York...
