Britain's financial regulator has fined Barclays 40 million pounds ($50.9 million) for its failure to disclose payments made to Qatari entities in 2008, after the bank on Monday said it had dropped its appeal over the case.

Barclays fined £40m for ‘reckless’ Qatari deals during 2008 financial crash - The bank had been due to challenge the case brought by the Financial Conduct Authority in court this week.

Barclays Plc has been fined £40 million ($50.3 million) by British regulators over failures to disclose details of its rescue by Qatar during the 2008 financial crisis.

Barclays has been fined £40 million by the UK’s financial watchdog for “reckless” conduct when securing funds from Qatari investors during the 2008 financial crash.

The British bank paid undisclosed fees to Qatari funds involved in its rescue, the FCA said in 2022, finding that Barclays' conduct in the capital raising was reckless and that it lacked integrity

The UK's financial watchdog has fined Barclays £40m over conduct during a fundraising drive in 2008 which it has called "reckless" and lacking integrity. The Financial Conduct Authority (FCA) says the bank failed to disclose arrangements with Qatari investors when it was looking to raise money at the height of the financial crisis.

Britain's financial regulator said on Monday it had fined Barclays 40 million pounds ($50.9 million) in total for its failure to disclose certain arrangements with Qatari entities in 2008. The fine by the Financial Conduct Authority dates back to the height of the 2008-9 financial crisis,

Britain’s Financial Conduct Authority has fined Barclays over $50 million for not disclosing payments to Qatari entities. The payments were tied to a 2008 fundraising effort to avoid a state bailout during the global financial crisis.