04 Dec 2024
Barclays reaches US$19.5m settlement over mis-sold ETNs
The British bank has agreed to pay US$19.5m over the fallout of its structured product over-issuances after over two years since the blunder was reported to the regulator.
27 Feb 2024
Barclays’ structured notes over-issuance reverberates
The UK bank must face a lawsuit brought by US shareholders over the US$17.7 billion structured note blunder.
21 Feb 2024
Barclays US average ticket boosted by jumbo deal, profit down by 15%
The UK bank saw its sales of SEC-registered structured notes rebound in 2023 following a significant slowdown in activity in the previous year.
26 Oct 2023
Barclays results no longer impacted by last year’s over-issuance
The bank’s structured product sales in the US market increased 1.6-fold YoY.
01 Mar 2023
Barclays results marred by over-issuance
The UK bank recognised a net attributable loss of £600m as the impact of over-issuance of structured notes and ETNs was felt in the US market.
29 Apr 2022
Barclays pulls out 30 more ETNs
The UK bank announced the suspension of the ETNs yesterday (28 April) as the structured notes paperwork gaffe reported in March continues to reverberate.
28 Mar 2022
Barclays hit by US$600m structured note loss
The shares of the UK bank fell 3.7% by mid-morning in London on Monday after announcing its earnings will be impacted due to having issued too many structured notes in the US market.