Bank of England examines Barclays private credit
The Bank of England is examining whether Barclays traders misrepresented private credit loans to understate risk. The regulatory review follows an insider complaint regarding derivatives used to finance loans.
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Bank of England regulators are examining whether BARCLAYS PLC traders misrepresented private credit loans to reduce capital requirements. The review follows an insider complaint regarding the accounting treatment of credit derivatives at the United Kingdom lender.
