Barclays (BCS) is reportedly the unnamed bank that U.K. regulators are blocking from...

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

Barclays (BCS) is reportedly the unnamed bank that U.K. regulators are blocking from implementing two "highly abusive" tax schemes that would have cost the tax authority £500M. Barclays has faced questions for years as to whether it actively attempts to take advantage of differences in countries’ tax legislation.