BusinessBarclays 'facing another $100 million fine over FX rigging'Pay out: Barclays is expected to pay a settlement with the New York financial regulator in the next monthNiklas Halle'n/AFP/Getty ImagesClare Hutchison18 November 2015Barclays is reported to be facing another $100 million (£65.7 million) fine over claims it manipulated foreign exchange markets.The potential penalty, expected in the next month, would form a settlement with New York’s financial regulator and relates to its electronic trading platform, according to reports.It would follow the bank’s £1.53 billion pay out to US and UK regulators - which did not include the New York watchdog - over manipulation of spot foreign exchange markets earlier this year.The latest fine is said to be smaller than that sum because the allegations are connected to fewer trades. In its latest results statement, Barclays said it has already put aside more than £1 billion to deal with ongoing regulatory investigations and litigation, including foreign exchange probes.Read MoreWH Smith hire turnaround veteran with package that could be worth £25mSlowdown in rising cost-of-living set for December pause, say economistsBlue Posts boss: If opening a pub becomes so risky, people just won't do itSponsoredIncredible days out and trips for autumn and winterThe settlement would be a first test for Barclays’ new chief executive Jes Staley, who joins the lender in December.The appointment of the former JPMorgan investment banker was taken as a sign that Barclays wanted to revitalise its investment bank.Barclays declined to comment.MORE ABOUTFinancial RegulationBarclaysBankingInvestment Banking
