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UK watchdog fines Barclays £26 million over improper treatment of customers with financial problems

Barclays Fined by FCA

FCA logo and Barclays tower in London (Image by Matt Brown)

A TOP UK watchdog has fined Barclays PLC units £26 million (€28.8m) for their improper handling of customers with arrears and financial problems.

The Financial Conduct Authority, an independent British regulatory body, said Tuesday that some of the bank’s units had provided inadequate explanations to customers over missed payments and unhelpful financial advice that was unaffordable in the long run.

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