Stock Market News
Barclays to refile U.S. accounts by end-May following blunder
2022.05.16 14:31
FILE PHOTO: A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. REUTERS/Peter Nicholls
LONDON (Reuters) – Barclays (LON:BARC) said it expects to refile amended accounts with U.S. regulators by the end of May, paving the way to resume a 1 billion pound ($1.23 billion) buyback programme it had halted following a trading blunder earlier this year.
The bank disclosed earlier this year it had to re-file financial statements with the Securities and Exchange Commission, after it issued more structured notes than it was permitted in the United States.
($1 = 0.8154 pounds)
