The FSA's chairman Lord Adair Turner warned Barclays earlier this year its reputation in the wider market was being damaged by its own submissions to banking bodies and its handling of trading books.
In a letter sent by Turner (pictured) to Barclays' chairman Marcus Agius in April, Turner said Barclays had confused and potentially misled the European Banking Authority over its financial strength. ...
Zero-tolerance approach to ailing companies
There are some long-standing practices in the asset management industry which are clearly ripe for review. However, removing past performance data from key funds documents appears a dangerous step and one likely to create worse outcomes for consumers.
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