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U.S. authorities are investigating Barclays (BCS) over whether it made improper payments in 2009...

U.S. authorities are investigating Barclays (BCS) over whether it made improper payments in 2009 to obtain a license to operate a wealth-management arm and investment bank in Saudi Arabia, the FT reports. The probes adds to a number of other inquiries Barclays faces, including over payments made to Qatar in 2008 during a cash call and manipulation of U.S. power markets.
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Comments (4)
  • untrusting investor
    , contributor
    Comments (9973) | Send Message
     
    It does seem to be one ongoing scandal after another at BCS.
    11 Nov 2012, 12:05 PM Reply Like
  • phemale60
    , contributor
    Comments (2860) | Send Message
     
    Oh shoot, think it's time to take my gains from past few months and get out? It seems such a good financial to hold.
    11 Nov 2012, 06:08 PM Reply Like
  • Dr. V
    , contributor
    Comments (1179) | Send Message
     
    If you're going to investigate Barclays for that, you had better start checking every major investment bank for the same reason. UAE also saw the departure of some heavyweights within the last 90 days.

     

    http://bit.ly/Sfkoa5
    12 Nov 2012, 10:08 AM Reply Like
  • phemale60
    , contributor
    Comments (2860) | Send Message
     
    Dr. V,

     

    Doesn't seem to affect Barclays. With all the negative news still up .31 yesterday. I'm holding onto my 400 shares, for now anyhow. Others worry me more.
    13 Nov 2012, 08:43 AM Reply Like
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