Barclays (BCS) has denied making an "illegal payment" to Saudi Arabia's Capital Markets...

|About: Barclays PLC (BCS)|By:, SA News Editor

Barclays (BCS) has denied making an "illegal payment" to Saudi Arabia's Capital Markets Authority in order to win a license in the country to operate a wealth-management arm and investment bank. The refutation follows a report last week that U.S. authorities are investigating whether the bank made such payments.