Browse
related articles
Saudi Arabia's CMA says not aware of Barclays investigation
- Saudi Arabia: Monday, November 12 - 2012 at 01:31
The Saudi Capital Markets Authority (CMA) has said it was not aware of any investigation into a licence it granted British bank Barclays three years ago, after a report that US authorities are probing whether improper payments were made, Reuters has reported. A report by the Financial Times said the US Department of Justice is investigating whether Barclays made any improper payment to win a banking licence in Saudi Arabia to operate a wealth-management arm and investment bank. Barclays was licensed to start business in Saudi Arabia in August 2009 and given final approval to start securities trading in May 2010 after the CMA said it verified the bank had met all the requirements. "CMA is not aware of any investigations and never received any inquiries from regulatory bodies or anyone else in this regard," the regulator said.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
