Stock Market News
Barclays suspends market making in its own debt after blunder
2022.04.29 10:53
FILE PHOTO: A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls
LONDON (Reuters) – Barclays (LON:BARC) has temporarily halted market making in its own debt securities following a trading blunder, the British bank said on Friday.
Barclays disclosed on March 28 that it had exceeded a U.S. limit on sales of structured products, triggering a loss and a potential restatement of its 2021 accounts.
“Barclays will continue to evaluate the extent to which it can resume market making in any such individual security,” the bank said on Friday.
