Britain’s Financial Conduct Authority has fined Barclays over $50 million for not disclosing payments to Qatari entities. The payments were tied to a 2008 fundraising effort to avoid a state bailout during the global financial crisis. Barclays withdrew its appeal, not admitting wrongdoing but prioritizing the bank's and stakeholders’ interests due to the elapsed time since the events. The FCA previously described Barclays' conduct as reckless, citing a lack of integrity. The bank emphasized there is no material financial impact from the fine. Regulators acknowledged Barclays has since undergone significant organizational changes.
